Lucid CEO Wants To Make An EV 'Right In The Heart' Of Tesla's Model 3, Model Y Price Range
Portfolio Pulse from Anan Ashraf
Lucid Group Inc's CEO, Peter Rawlinson, has expressed intentions to develop an electric vehicle (EV) priced around $50,000, aiming to compete with Tesla's Model 3 and Model Y. Rawlinson emphasized the need for more affordable EVs to increase their adoption. However, he clarified that Lucid is not trying to 'dethrone' Tesla, acknowledging the market for great cars as a whole.
September 06, 2023 | 9:25 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Lucid's plans to develop a more affordable EV could increase competition for Tesla's Model 3 and Model Y.
Lucid's intention to develop a more affordable EV could increase competition for Tesla's Model 3 and Model Y. This could potentially impact Tesla's market share and stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Lucid's plans to develop a more affordable EV could potentially increase its market share and competitiveness against Tesla.
Lucid's intention to develop a more affordable EV could attract a larger customer base, potentially increasing its market share and competitiveness against Tesla. This could positively impact its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100