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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.

Sarah Huckabee Sanders to run for governor of Arkansas

Sarah Huckabee Sanders at FOX News' studios in New York City in 2019. Photo: Steven Ferdman/Getty Images

Former White House press secretary Sarah Huckabee Sanders will announce Monday that she's running for governor of Arkansas.

The big picture: Sanders was touted as a contender after it was announced she was leaving the Trump administration in June 2019. Then-President Trump tweeted he hoped she would run for governor, adding "she would be fantastic." Sanders is "seen as leader in the polls" in the Republican state, notes the Washington Post's Josh Dawsey, who first reported the news.

Updated 26 mins ago - World

Mexican President López Obrador tests positive for coronavirus

Mexico's President Andrés Manuel López Obrador during a press conference at National Palace in Mexico City, Mexico, on Wednesday. Photo: Ismael Rosas/Eyepix Group/Barcroft Media via Getty Images

Mexican President Andrés Manuel López Obrador announced Sunday evening that he's tested positive for COVID-19.

Driving the news: López Obrador tweeted that he has mild symptoms and is receiving medical treatment. "As always, I am optimistic," he added. "We will all move forward."