Tesla vs. Lucid may be the most exciting automotive face-off in years. After all, this isn’t just about two cars in the same segment going head-to-head
It’s about two competing visions of what our future transportation might look like—with one company, Tesla, almost singlehandedly pioneering and championing battery-electric vehicles while the other, Lucid, is doing the same with battery-hybrid technology.
Don’t Be Deceived By Tesla’s $35,000 Price Tag; This Electric Car Has A Bigger Battery And Faster Acceleration Than Model 3 & Leaf. Find Out How. To understand why some electric cars are so much more expensive than others, you have to look at two things—the size of their battery and how fast they accelerate. Both are related because a bigger battery allows for faster acceleration, which requires more power from that battery. All else being equal, an electric car with a larger battery will be more expensive than one with a smaller one. But if you’re looking for a cheaper alternative to Tesla’s upcoming $35,000 model 3 sedan or Nissan’s popular leaf hatchback? You might want to check out…the Lucid Air electric car!
Though you might be surprised to hear it, you can get a much better electric car for $60,000 than you can for $35,000—and I’m not talking about a used Tesla Model S or anything like that. Instead, there’s an upcoming EV on the market called Lucid Motors’ Air luxury electric sedan (they’ve also got plans for an SUV), and it has all kinds of things going for it that make it superior to other EVs in its price range.
When it arrives in late 2019, it will have a brand-new chassis and be one of just a few luxury electric cars with all-wheel drive (also known as AWD). It’ll also have an impressive 400-mile range, which is more than double what most other EVs offer at its price point. Plus, you can get your hands on one sooner rather than later—Lucid already sold 1,000 of them before production even started and you can put down $2,500 to preorder yours today! If that sounds good to you but $60,000 is still too rich for your blood…read on because there’s a solution that might be right for you.
Fast, agile and fun to drive, it’s hard to believe that an electric car can also be practical — until you try one out for yourself. With a high-tech powertrain and advanced materials, the Lucid Air was built for speed (0-60 mph in 2.5 seconds) and efficiency (over 300 miles of range per charge). At first glance, you might mistake it for a Tesla Model S or a Rivian R1T thanks to its sleek design language; but with three battery options (210 kWh, 230 kWh and 250 kWh), there’s something to suit your needs – whether they’re comfort-focused or power-hungry.
That’s not to say it doesn’t stand out on its own, though – after all, Tesla vehicles rank in at #8 and #19 on Car & Driver’s 2019 10Best Cars list; while Rivian didn’t even make a showing. Despite its status as a newcomer, however, Lucid has picked up some big-name investors that have helped set it apart from its peers (including YC Group, Chung Nam Asset Management and Wu Capital). And with an expected price point of around $60k after federal tax credits (compared to Tesla Model S prices starting at $70k), you may be able to get more bang for your buck.
If you’re hoping to get a Tesla-level of power and performance at a lower price point, then, you might be onto something here – but whether or not it becomes your go-to is another story entirely. For some drivers, after all, having access to nationwide Supercharger locations makes charging easy – and may even outweigh concerns about cheaper pricing. After all, if you’re planning on driving more than 250 miles per day (which most people are), then being able to replenish your battery with free juice isn’t just convenient; it’s practical too.
When you compare Tesla and Lucid, you quickly learn that Tesla’s cars are significantly more expensive than those of their competition, with a starting price of about $50,000 for most models and over $100,000 for some (in fact, in 2018 Tesla cars were deemed to be America’s most expensive). However, prices have come down somewhat from those heights; but they remain well above what you can expect to pay if you buy a competing electric car instead. On average, first-generation Teslas cost three times as much as competing for electric vehicles at around $120/per mile over their lifetime (that number is based on estimates of how much lower maintenance costs are on electric cars). How much cheaper would electric vehicles be if they were more competitively priced?
In addition to having higher prices, Tesla vehicles also have much higher purchase costs, with estimates coming in around $8,000 to $9,000 more than non-Teslas of similar styles and sizes. The premium can be attributed to many factors—greater demand and production costs mean more money goes into each car than comparable vehicles, while Telsas come with a lot of flashy features that their competition doesn’t offer (and that you may not even want). Still, it’s hard to deny that a Lucid will cost significantly less than its competitor from Tesla, even when taking these differences into account. One way to see if a potential electric vehicle is worth its price tag is by comparing total ownership costs for traditional cars and electric vehicles.
Technology – Autopilot features, etc.
Autopilot and other key technology are included in a standard package on all three models, while optional premium features like turn-by-turn navigation and LED lighting options are available for an additional fee. This gives drivers more freedom to personalize their vehicles based on their specific needs and preferences, without sacrificing safety or efficiency features that will improve their driving experience overall. The company also offers subscriptions for infotainment services including satellite radio, traffic updates, high-speed internet, streaming music services and more—all designed to keep passengers entertained during long trips.
A key feature of these subscriptions is that they don’t expire and are transferable from one Lucid owner to another, meaning drivers can easily resell their vehicles to someone else without having to pay a penalty or lose access to key functions. This type of subscription service is a first for electric vehicles, as it allows drivers who aren’t interested in technology to still use many of its functions while also removing some barriers that might have prevented them from buying an EV in the first place, like pricing and accessibility options that often vary between different brands and models.
Unlike most other EVs, every model of Lucid also offers built-in wireless connectivity as well as inductive charging for smartphones. These features are included in every car, regardless of trim level or feature package—meaning it’s impossible to buy a base model without them—and they help drivers stay connected while they’re on the road, which is especially useful when you’re driving long distances or if you need a quick charge during your daily commute.
What’s in store?
Tesla may be getting all of the buzzes these days when it comes to electric cars, but make no mistake: There are other contenders on the horizon. Case in point? Meet Lucid Motors, which is looking to bring its own model to market soon—and it could prove a threat to Tesla’s dominance in terms of pricing and perceived value. In fact, while some may argue that Tesla is a well-deserved frontrunner in some respects, there are also those who think both Tesla and CEO Elon Musk aren’t operating with their eyes fully open as far as competition goes.
One need only look at how Tesla and Musk handled recent comments from Rivian, an electric vehicle manufacturer based in Illinois, to see what we mean. When Rivian introduced its own line of all-electric models, many wondered if it was a competitor to Tesla; after all, it certainly wasn’t a small player by any means. Some even suggested that by not working with companies like Rivian—which has quite a bit of funding itself—Tesla could be missing out on some serious profit potential down the road.
But Musk insisted that he saw Rivian as little more than a me-too type of company—one that didn’t really have anything to offer other than Tesla-style cars and EVs. Whether or not you agree with Musk’s assessment, it’s easy to see why many are still sceptical of Tesla these days when it comes to taking on new players in the space. After all, do we really need yet another electric car? Isn’t Tesla itself doing well enough already?
Learning how to start a new business from conception to execution. By John Doe Dec 22, 2018, Here are some of my final thoughts on Learning how to start a new business from conception to execution. If you have any comments please leave them below, or contact me here. I hope it was helpful and if so please share with friends! Who is their biggest rival of Tesla? Will Lucid ever be as big as Tesla? Does Elon Musk think about his competition? Did Elon Musk make all these patents public to attract entrepreneurs/brands that may want to acquire his technology at some point in time later?
I believe that Tesla is a pioneer in autonomous driving and electrified cars and will be one of many companies that have a significant stake in what has become a mainstream technology. Even with their current production problems, I think their vehicles are still at or near the top when it comes to design, performance, safety features and overall customer satisfaction (based on reviews). By all indications, Tesla seems to be doing very well financially too – they’re valued at over $53 billion dollars (double what it was two years ago) with an estimated $25 billion dollars in cash on hand. They also have more than 325,000 reservations for their Model 3 which were made without even seeing the vehicle so they must feel very confident in their product even with its initial release problems.
As for competition from other companies, Musk has no problem addressing it. He says in a recent interview that he doesn’t really think about them much at all and wouldn’t be surprised if other manufacturers beat Tesla to bringing a fully autonomous vehicle to market. Many of Tesla’s patents are already published and public information so that others can learn from their technology and see what they’ve done right or wrong in certain areas, but Musk did say he will take action against those who use his company’s IP without permission or license. Despite their issues, I still believe there is room for more than one company on top when it comes to electric vehicles even with hundreds of billions of dollars being poured into alternative fuels research each year and several brands having plans for releases by 2021-2022.
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