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Tesla competitor Lucid will sell its car for $60,000

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Ramon Delo
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Lucid Motors—the Silicon Valley automotive startup aiming for the same luxury market as Tesla, BMW, and Mercedes-Benz—has finally put a price on its upcoming all-electric ‘Air’ sedan.The base version of the ‘Air’ vehicle will be priced at $60,000 (before federal tax incentives) and will be able to drive 240 miles on a single charge.

Once federal tax incentives are applied, the base priced Air will cost $52,500, the company said in an announcement Wednesday.Customers can place a $2,500 deposit to reserve a car but they’ll be waiting a while.

The Air will be manufactured in Arizona and deliveries will begin in 2019, the company says.

Lucid Motors previously said it would begin producing its cars in the fourth quarter of 2018.

No word on pricing for the autonomous software or if it will be standard.The Air’s base model will come with 2-way power front seats, LED multi-lens array headlights, four screens with interactive-touch surfaces on three, 5-seat configuration with a rear bench seat, 10 advanced airbags, an aluminum roof, 19-inch wheels, and a 10-speaker audio system.It will also be able to update the vehicle’s software “over the air,” a capability that has been valuable for Tesla and is considered required for autonomous cars.

Tesla regularly updates the software in its cars via wireless networks to enhance performance and fix security bugs.

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