The mysterious smaller Lucid is slated to start production in late 2026.
Lucid Motors' upcoming midsized vehicle will cost about the same as a Tesla Model Y Long Range, the EV startup's CEO and CTO Peter Rawlinson reaffirmed on a call Tuesday evening. And his remarks indicated it may even be slightly more affordable than initially expected. On Lucid's first-quarter earnings call, Rawlinson said that the future model will be priced at around $48,000. In the past, Lucid has said the vehicle would cost somewhere around $50,000.
That isn't because Lucid can't build them faster, Rawlinson explained on Monday. It's about drumming up demand. 'We are not manufacturing constrained. This isn't a ramp-up situation,' he said. 'It's about growing awareness of just how awesome the product is and the sales will follow. And that's the trajectory we're on.
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