Lucid Takes On Tesla With New Electric Vehicle

The transcript discusses Lucid Motors' production plans, pricing strategy, and market positioning against competitors like Tesla and Mercedes. It highlights the strategic investment from the Saudi Public Investment Fund, emphasizing the partnership's role in advancing sustainable mobility. Ethical concerns regarding Saudi investment are addressed, focusing on the shared vision for sustainability. The transcript concludes with Lucid's future plans, including potential technology partnerships, while ruling out a sale.

What is the initial price range for Lucid Motors' cars?

• $50,000 to $70,000

• Over $100,000

• $70,000 to $90,000

• $30,000 to $50,000

Which car model is considered a core competitor to Lucid Motors?

• Audi A4

• Tesla Model 3

• BMW 3 Series

• Mercedes-Benz S Class

When is Lucid Motors expected to start production in Casa Grande, Arizona?

• Late 2020

• Early 2020

• Mid 2021

• Late 2021

What is the role of the Saudi Public Investment Fund in Lucid Motors?

• They are a competitor

• They are a supplier

• They are a customer

• They are a strategic investor

What is the shared vision between Lucid Motors and the Saudi Public Investment Fund?

• To transition to sustainable mobility

• To invest in traditional automakers

• To dominate the fossil fuel market

• To create luxury gas-powered cars

What is Lucid Motors' stance on selling the company?

• They are merging with Tesla

• They have sold to Ford

• They are not contemplating a sale

• They are actively seeking buyers

What does Lucid Motors consider as a potential opportunity instead of selling?

• Forming technology partnerships

• Developing new gas engines

• Expanding into fossil fuels

• Acquiring other automakers