The two cars are very closely matched, though.
The war between Lucid and Tesla has been raging for months now, even though the Lucid Air hasn't officially arrived yet. It will compete with the Tesla Model S, but up until now, most of the focus around the Air has centered around the high-performance versions of this electric sedan.
We already know that the 1,080-horsepower dual-motor Lucid Air can complete the quarter-mile in under 10 seconds, but what about more affordable derivatives that are likely to sell in bigger numbers? Well, Lucid has now released some more of those details, including pricing.
Let's get those key numbers out of the way. The most attainable Lucid Air will produce 480 hp from its single-motor powertrain, have a projected EPA-estimated range of 406 miles on a single charge, and have a starting price of $77,400. A reservation fee of just $300 applies. However, once the Federal Tax Credit of $7,500 is taken into account - an incentive that no longer applies to Teslas - the base Air will cost $69,900. On this variant, a dual-motor, all-wheel-drive configuration is optional.
"With the starting price of [the] Lucid Air range announced today, we are setting the stage for broader adoption of the latest, game-changing EV technology," said CEO and CTO Peter Rawlinson.
How do these numbers compare with the base Model S? Well, the Model S Long Range starts at $71,990, has 534 hp, and manages an EPA-rated range of 402 miles. Lucid didn't indicate performance figures for the base Air sedan, but it appears that the base Model S will be a bit quicker, have a slightly shorter range, and cost just over $2,000 more. Essentially, they remain very closely matched.
The Lucid Air will come with PurLuxe animal-free interior trim, the brand's 34-inch curved cockpit display, and what it claims to be the biggest frunk found on any electric sedan.
Above the base Air, the Air Touring will start from $87,500 after the federal tax credit. Its dual-motor powertrain produces 620 hp and has the same 406-mile estimated range, while power goes to all four wheels. This derivative will feature a glass canopy roof that showers the spacious cabin in natural light. Both versions of the Air will make use of a 900+ ultra-high voltage electrical architecture with DC fast charging capability. Topping the lineup will be the $139,000 Air Grand Touring and the limited $169,000 Air Dream Edition - both prices are before the tax credit is taken into account.
Reservations for both the Lucid Air and Lucid Air Touring are now open, with initial customer deliveries for the EV set to begin early next year.