The Saudi wealth fund bought Tesla stock. Now it's investing in Lucid, a Tesla competitor - News Summed Up

The Saudi wealth fund bought Tesla stock. Now it's investing in Lucid, a Tesla competitor


Like all high-end electric cars, the Lucid Air will be powerful, with 1,000 horsepower from its dual motors. Range will extend to 400 miles on a full charge, Lucid said. Prices will range from $52,000 to more than $100,000, depending on options, which will include the latest version of autonomous driving technology. The cheapest Tesla Model 3 is priced at about $50,000, and the Model S can top out above $100,000. The top end of both models gets more than 300 miles to a charge.


Source: Los Angeles Times September 18, 2018 09:56 UTC



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