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Lucid Targets Model Y With $50,000 EV [Yahoo! Finance]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
The EV maker is developing a lower-priced electric crossover aimed straight at Tesla's ( NASDAQ:TSLA ) best-selling Model Y, with production targeted for late 2026 and a starting price around $50,000. Warning! GuruFocus has detected 5 Warning Signs with JBLU. Is TSLA fairly valued? Test your thesis with our free DCF calculator. The project, known internally as Project Midsize, would be a clear shift for Lucid, which has built its brand around premium, high-end EVs. To make the numbers work, the company plans to use its more efficient Atlas drive unit and a smaller, lower-cost battery, while still targeting more than 300 miles of driving range. The stakes are high. Lucid's luxury-only strategy hasn't produced the volume needed for long-term growth, and newer models have struggled to gain traction. By going after the high-volume crossover market dominated by Tesla, Lucid is betting it can finally reach a broader audience. this $50,000 crossover could determine whether Lucid stay
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