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Lucid Motors drops the price of its cheapest EV by more than $8,000 (www.yahoo.com)

submitted 8 months ago by [email protected] to c/[email protected]

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Lucid Motors drops the price of its cheapest EV by more than $8,000::Lucid Motors is lopping thousands of dollars off the price of its most affordable electric sedans as it looks to boost demand after a disappointing year of sales. The rear-wheel drive version of the base model Lucid Air Pure will now start a $69,900, down from the previous price of $77,400. The more powerful Lucid Air Touring model -- which offers all-wheel drive performance and roughly 50% more horsepower -- will now start at $77,900, down from $85,900.

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[–] [email protected] 12 points 8 months ago (5 children)

Yeeeeaaaahhhhhh. I bought it at 25 bucks a share. Ugghhhh

[–] [email protected] 5 points 8 months ago (1 children)

In the same boat. I'm contemplating just cutting my losses at this point.

[–] [email protected] 3 points 8 months ago

I think you have time to maybe not lose a much. The Saudis can fund it easily until it's popular at least over there.

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