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

submitted 4 months ago by L4s to c/technology

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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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[–] Stanwich 12 points 4 months ago (4 children)

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

[–] poopkins 5 points 4 months ago (1 children)

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

[–] Stanwich 3 points 4 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.

[–] [email protected] 4 points 4 months ago

I feel less bad now with the Fisker I got at $6/share.

[–] AtariDump 3 points 4 months ago

💎👏🏻?

[–] Raiderkev 2 points 4 months ago

Ha, $3.97 cost basis here. Average it down 😂