article thumbnail

Lucid Motors slashes worth of Wind sedan as EV price battle grows

Baua Electric

Over a date in the past, Lucid, which is majority owned by way of Saudi Arabia’s Society Funding Charity, and its friends needed to lift costs of its vehicles as emerging uncooked subject material costs and nagging delivery chain bottlenecks sparked by way of COVID-19 accident the automobile trade crispy. Newark, Calif.-based

Wind 52
article thumbnail

Behind the Wheel, Under the Hood of World’s First 500-Mile EV

Cars That Think

billion in new investment cash, and 65-percent owned by Saudi Arabia's Public Investment Fund, saw its stock surge up to 47 percent on news of the first deliveries. Every buyer is eligible for a $7,500 federal tax credit, pushing the most-affordable Air to $71,400. The now-public company, flush with $4.5

Miles 145