General EV Conversation
CL Community Team
Joined: Feb 2007
Posts: 9,400
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From: IL
Starting a brand-new car company and designing new platforms from the ground up is eye-wateringly expensive. When those massive costs are spread across a modest number of units, you wind up with huge losses per unit. The key will be if Lucid can turn the corner and increase their volume. Adding a CUV to the lineup is unlikely to hurt them in that regard.
Starting a brand-new car company and designing new platforms from the ground up is eye-wateringly expensive. When those massive costs are spread across a modest number of units, you wind up with huge losses per unit. The key will be if Lucid can turn the corner and increase their volume. Adding a CUV to the lineup is unlikely to hurt them in that regard.
they will need something that can sell in volume.
CL Community Team
Joined: Feb 2007
Posts: 9,400
Likes: 622
From: IL
I don't feel like $80k (before incentives) for a Luxury 3-row SUV is crazy expensive in today's market. It is in fact, a tiny bit cheaper than the Model X, which is not exactly in the luxury segment.
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Lead Lap
Joined: May 2010
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From: San Diego, CA
Add in some almost-necessary options, though, and it rises in price very quickly. A lot of the good stuff is optional on these. I specced one yesterday, and had no trouble at all hitting over 120K. That's not necessarily a bad price in itself, and these are great vehicles, but you have to be confident that Lucid will be around to support and update it. It took much cheaper and more mainstream models to really propel Tesla into the stratosphere and Lucid seems some way off from that.
Lexus Fanatic
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From: Maryland
Lexus Champion
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From: California
Although you may not think $94K or whatever the Lucid Grand Touring is selling for is a lot, I would rather take my chances spending that type of money with a Model X, I have service centers everywhere around me, and I know 100 percent Tesla is going to be around in the next 10 years
Last edited by AMIRZA786; Nov 8, 2024 at 09:14 AM.
Lexus Test Driver
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From: FL
Lexus Champion
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From: California
I didn't know that, but $4,500 off is still not bad, and doesn't change what I posted previously. Another unfortunate thing is Tesla doesn't offer (at least right now) the lower APR on X financing, it's currently 5.59 percent
Lexus Champion
Joined: Oct 2019
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From: California
How are you protected if you are on 3 year lease, and on year two MBS decides to pull funding? And then a motor, battery or other electronic component goes out and you have no repair shop to take it to? If you think it's such a safe product, why don't you lease one? As much as I like the company, want them to succeed, I wouldn't touch one with a 10 foot pole. I learned my lesson with Polestar