Business

Lucid Motors convinced: New model series sets benchmarks

Tesla under pressure: New model series from Lucid Motors poses serious competition for Musk.

Eulerpool News Jun 1, 2024, 11:23 AM

Tesla is coming under increasing pressure. A new model lineup from Lucid Motors is convincing and thus offers a serious alternative to the electric car models of the Musk corporation.

It is no secret: Tesla faces increased competition. In addition to Chinese electric car manufacturers, the US company now also has to contend with a new challenger in the electric car market. Lucid Motors, present on the global market since 2021, set new standards with the introduction of the Lucid Air sedan the following year. The Lucid Air, which excels in terms of efficiency, performance, and luxury, is a direct competitor to the Tesla Model S.

Now Lucid Motors is expanding its portfolio with the 2024 Lucid Air series, which includes various trim levels to cover a broader price range. With a starting price of $77,400, the 2024 Lucid Air offers an impressive array of options. Through targeted optimization of the motors and aerodynamics, Lucid has created the longest-range electric vehicle in the USA. With a combined efficiency rating of 137 MPGe, the 2024 Lucid Air surpasses the Tesla Model S, meaning it can travel a longer distance without consuming more energy.

The energy consumption of the Lucid Air is actually lower than that of other electric vehicles such as those from Tesla, Porsche, or Mercedes-Benz. In terms of driving pleasure, the model is also convincing. Each of the four trim levels – Pure, Touring, Grand Touring, and Sapphire – offers excellent cornering and impressive acceleration, typical of electric vehicles. Potential buyers are likely to be particularly attracted to the wide price range of the model series. There is a price difference of $179,100 between the base model and the top model.

Lucid Motors offers an expanded model lineup with a luxury electric car option that caters to various budgets and needs. According to MarketWatch, the lineup impresses with efficiency, range, and performance, making it a serious alternative to established luxury brands, including Tesla.

Discover undervalued stocks with Eulerpool.

Subscribe for $2

News

Asian Markets Turn Negative – Nikkei Under Pressure After Record High

After a brief surge at the end of the week, Asian stock markets lost momentum on Friday. In particular, sentiment in Tokyo deteriorated following the Bank of Japan's interest rate decision.

Crypto Market Under Pressure: Bitcoin and Altcoins with Losses

On Friday morning, the prices of major cryptocurrencies are mostly in the negative. Ethereum, Bitcoin Cash, and Cardano are particularly under pressure — only Monero can make gains.

AfD clearly surpasses SPD in Brandenburg – Poll shows political upheaval

The political sentiment in Brandenburg is shifting: According to a recent Insa survey, the AfD is now clearly ahead of the SPD led by Minister President Dietmar Woidke. With 34 percent approval, the party extends its lead to ten points – a result that is putting the SPD, which has been in power for 35 years, under pressure.

Six points investors should keep in mind today

After the sharp decline at the beginning of the week, the DAX recovered and closed on Thursday with an increase of 1.4 percent at 23,675 points. Falling US interest rates provided tailwind, and attention is now turning to new economic data and interest rate decisions.

DHL in Focus: JPMorgan Sees Nearly 30% Price Potential

The share of the DHL Group came under slight pressure on Friday morning, but analysts at the US bank JPMorgan remain convinced. With a price target of 48.50 euros and a rating of "Overweight," they see significant upside potential despite a persistently weak market environment in the express business.