Saudi Arabia & Lucid in EV Tie Up

The transcript discusses Lucid's plans and targets for 2023, focusing on their luxury market positioning and competition with brands like Tesla. It highlights the target demographics for Lucid's vehicles, emphasizing the higher income bracket required for purchase. The conversation also touches on the cultural and governmental influences in Saudi Arabia, particularly the Vision 2030 initiative, and how these factors impact electric vehicle adoption. Additionally, the transcript addresses production challenges, including supply chain issues and the support from investors like the PIF amid global economic challenges.

What is the significance of the price point of $80,000 for Lucid's electric vehicles?

How is the Saudi government supporting the electric vehicle market?

What improvements have been observed in the supply chain for Lucid Motors?