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Lucid Air sedan. Image courtesy of Lucid Motors.

After weeks of dribbling out information, Lucid Motors last night took the wraps off the production-ready version of its Air luxury sedan and revealed pricing for the first time.

What's next: Production begins in the "coming months" at its Arizona factory, with North American deliveries starting next spring, Lucid said.

By the numbers: The cheapest version is around $80,000, or $72,500 with federal EV tax credits, but won't be available until 2022. More souped-up versions run from $95,000 to $169,000 before tax credits.

The intrigue: No EV startup should be called a Tesla "rival" until they actually start delivering vehicles (as Axios' Dan Primack points out). But that said, there's reason to take the Air seriously as a potential challenger to Tesla's Model S and other luxury EVs.

  • Lucid has plenty of money in the form of backing from Saudi Arabia's sovereign wealth fund.
  • CEO and chief tech officer Peter Rawlinson was formerly a senior engineer at Tesla.
  • The company is boasting specs including up to 517-miles of range on a single charge and a quarter-mile speed under 10 seconds.

Why it matters: "[T]here is a sense in the automotive world that Lucid has the internal knowledge and technical chops to tease Tesla’s grip as maker of the ultimate electric luxury sedan," The Verge reports.

What they're saying: "The real opportunity for Lucid will be the base model of the Air that is expected to come in under $100K, which will make the vehicle more accessible to a broader group of consumers," said Edmunds analyst Jessica Caldwell."Until that becomes more readily available Tesla will likely continue to sit on its throne," she said.

Go deeper: 2021 Lucid Air vs. Tesla Model S and Porsche Taycan: Performance EVs compared (CNET)

Go deeper

Amy Harder, author of Generate
Updated Aug 27, 2018 - Energy & Environment
Column / Harder Line

Putting Elon Musk’s Tesla into climate change perspective

Illustration: Sarah Grillo/Axios

Elon Musk and Tesla offer a gripping corporate tale and coveted electric cars, but when it comes to climate change, they are a rather minor subplot.

Why it matters: Numerous other factors and technologies influence whether electric cars are actually green. And no matter how green they are, they’re still just one, relatively small part of a many-sided, global problem.

"Atmospheric river" swings Northern California from drought to flood

Satellite view of the bomb cyclone swirling off the coast of the Pacific Northwest and the atmospheric river affecting California on Oct. 24. (CIRA/RAMMB)

A series of powerful "atmospheric river" storms are delivering historic amounts of rainfall across parts of drought-stricken California and the Pacific Northwest this weekend, forecasters warn.

Why it matters: The strong atmospheric river, packing large amounts of moisture, is causing Northern California to whiplash from drought to flood.

Mike Allen, author of AM
7 hours ago - Politics & Policy

Fauci fires back at Rand Paul for slam on tonight's "Axios on HBO"

Responding to charges by Sen. Rand Paul on Sunday's "Axios on HBO," NIAID director Anthony Fauci told "ABC This Week" that it's "molecularly impossible" for U.S.-funded bat virus research in China to have produced COVID-19.

Why it matters: The issue 0f Wuhan research was reignited on the right last week with a National Institutes of Health letter to Congress disclosing more about the research.