Lucid comes to Europe

[dan_b]

Have to say if you're in the market for a executive luxobarge EV, the Lucid Air is looking pretty competitive price and spec-wise now in Europe. Obviously it's a small and now rather crowded end of the car market, but it's also one which Tesla has essentially given up on, and the Air seems a very good alternative to the Beemers and Mercs out there - obviously not going to be a personal purchase but a company/corporate one.

https://electrek.co/2024/11/05/lucid-lc ... uxury-evs/

[Stinsy]

Cool. It isn't for me but I'm pleased it exists.

If EVs are to proliferate they can't just be hair-shirted eco-mobiles like the original LEAF or Prius.

[Mart]

But ..... be careful, they are still losing ~$300k per car sold, and the latest cash injection from the Saudi PIF, to keep them solvent, has knocked the already collapsed share price, down another 33% this last month.

Before the cash injection, the Saudi PIF already owned 60% of Lucid, and this will have diluted the shares further.

Lucid would have gone bust a couple of years ago without this money, so if (and I'm only saying IF) the Saudi's stop propping them up, they will almost immediately 'do a Fisker'.