Lucid motor stock drivers#
Lucid motor stock full#

Lucid motor stock full#

This is obviously a reference to Tesla (NASDAQ: TSLA), which introduced a “pay-to-play” subscription style of ownership, requiring after-purchase over-the-air performance upgrades in order to get the full experience from their vehicle.

Lucid is also quick to point out in its press release that, unlike some of the competition, the Sapphire will not need any kind of paid upgrades or preconditioning to do its sub-two-second launches. With over 1,200 hp, Lucid Air Sapphire is not only the most powerful electric sedan in the world, it is the most powerful sedan in the world.

Lucid motor stock drivers#

After painstaking development work, I am able to confirm Lucid Air Sapphire has achieved a satisfactory performance, and I trust the most discerning drivers will agree.'Īs expected, Lucid Air Sapphire's three-motor powertrain delivers even more horsepower than the car's dual-motor siblings, including the 1,050-hp Lucid Air Grand Touring Performance. Sapphire represents the pinnacle of electric performance finally achieving the performance that I've so long searched for. Lucid Air Sapphire, being the very first Lucid product to bear the Sapphire name, builds upon our technical prowess to take electric high-performance on to next level. 'Today, with the introduction of the Sapphire line, we take the next logical step of advancement. 'Last year, Lucid rocked the world with the launch of Lucid Air, a fusion of unsurpassed range, efficiency, superior driving dynamics, and interior space, uniquely enabled by our in-house technology,' said Peter Rawlinson, CEO and CTO, Lucid Group. The company shared the details of a new Sapphire brand that Lucid says will be available as an ultra-high-performance version of all its EV models going forward. Lucid officially unveiled the new tri-motor Sapphire model during The Quail at Monterey Car Week today. 'And because a three-motor Lucid Air was always part of the development program, it retains all the strengths of Lucid Air variants already on the market – including limo-like rear legroom, a voluminous trunk and frunk, and impressive efficiency.' 'With three state-of-the-art electric motors – all developed and manufactured in-house by Lucid – Lucid Air Sapphire reaches an entirely new level of performance,' said Eric Bach, SVP of Product and Chief Engineer, Lucid Group. With an expected price tag of $249,000, the Sapphire is equipped with the highly anticipated three-motor powertrain, featuring a new twin motor rear-drive unit and a single motor front-drive unit. The new brand will be led by the world’s first fully electric luxury super-sports sedan, the new Lucid Air Sapphire. Predicting isn’t easy to do with the stock market, let alone for something like this.© Reuters Lucid Motors (LCID) Introduces Tri-Motor Lucid Air SapphireĪmerican electric vehicle manufacturer Lucid Motors (NASDAQ: LCID) on Friday introduced Sapphire, Lucid's new ultra-high-performance brand. With something this hot, we mostly just need to let it show the way. Is it near $48? Is the 10-day moving average? How about the 21-day? With the gap above Tuesday’s high at $55.86 and the stock's failure to hold it, we had a reversal in play, which led to a quick flush lower.įrom here, we need to see when and where Lucid Motors stock finds its footing. But one could argue its current valuation is also insane and yet here we are. That’s where the stock topped out earlier this year and it would allow its market cap to clear $100 billion. Shares could find support - be it down at the 10-day moving average or sooner even - and make another push up toward the $60 to $65 area. The run is not necessarily done for this one, either. That’s mostly as the stock was fading so hard from its premarket highs and after such a monumental run in the stock. Coming into the day, I was on guard for a reversal.