Lucid's New Year Surprise: Up To $10,000 In Air Credits
Portfolio Pulse from Benzinga Neuro
Lucid Group Inc. (NASDAQ:LCID) is offering up to $10,000 in credits for its 2023 Air models in the U.S. until January 31st. The credits vary by trim, with $7,500 for the Air Pure and Air Touring, and $10,000 for the Air Grand Touring. Additionally, Lucid is discounting its 80 Amp Connected Home charger by $300 for January deliveries. Lucid produced 8,428 vehicles and delivered 6,001 units in 2023, and announced an upgrade to its Air lineup in Q4 2023. The company is also planning to launch a mid-sized EV priced around $50,000 to compete with Tesla's lower-end models.
January 16, 2024 | 5:18 am
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Lucid Motors is incentivizing purchases of its 2023 Air models with up to $10,000 in credits and a $300 discount on its home charger, reflecting an aggressive push to increase sales and market share.
The announcement of significant credits and discounts is likely to stimulate consumer interest and potentially boost sales in the short term. This could lead to a positive investor sentiment and an uptick in the stock price, especially as it indicates a strong push to compete with other EV makers.
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