Lucid Motors prices its cheapest EV, prompting Elon Musk taunts and Tesla price cuts

Posted at 9:06 AM, Oct 15, 2020
and last updated 2020-10-15 12:06:33-04

Lucid Motors Inc. started taking reservations on Wednesday for the lowest priced version of its upcoming line of luxury electric vehicles.

Tesla Inc. quickly responded with a price cut for its Model S and Elon Musk tweeted a taunt at the Newark company that's led by the engineer who designed it.

Lucid said the base model of the Lucid Air will cost $77,400 — or $69,900 after applying the U.S. federal tax credit. But it won't be delivered until 2022. The vehicle will be manufactured south of Phoenix in a plant being built in Casa Grande.

Read the full story at Phoenix Business Journal.