Lucid reveals new lower-cost versions of the Air electric luxury sedan

Lucid reveals new lower-cost versions of the Air electric luxury sedan


Lucid Motors CEO unveils new Lucid Air Pure electric luxury sedan

Luxury electric vehicle maker Lucid Group on Tuesday revealed several new versions of its Air sedan – including its lowest-cost model yet.

CEO Peter Rawlinson said in an interview with CNBC’s Phil LeBeau the Lucid Air Pure will start at $87,400. An all-wheel drive version with 410 miles of range will ship by the end of this year, and a rear-wheel drive version will arrive in 2023.

Lucid Pure

Meghan Reeder | CNBC

The company also announced the Lucid Air Touring, with all-wheel drive, 620 horsepower and an EPA-estimated 425 miles of range. Lucid said the Touring is its “most efficient model yet,” able to travel about 4.6 miles per kilowatt-hour.

The Touring starts at $107,400, and deliveries will be underway shortly, Lucid said.

Lucid also said the high-performance Air Sapphire, which it revealed in August, is undergoing final tuning now. Lucid currently estimates that the Air Sapphire will accelerate from zero to 60 miles per hour in 1.89 seconds and have a top speed of 205 miles per hour, making it the world’s quickest sedan.  

The Air Sapphire starts at $249,000, and production will begin in the first half of next year.



Source

Domino’s Pizza wants to steal market share as it wins over low-income diners
Business

Domino’s Pizza wants to steal market share as it wins over low-income diners

As the restaurant industry aims to lure frugal consumers with discounts and deals, Domino’s Pizza thinks it can steal diners from its competitors. “I think the industry headwinds are actually tailwind for us. Meaning, of course, they’re headwinds, but we’re going to gain [market] share during this time frame,” CEO Russell Weiner told CNBC on […]

Read More
Subway taps Burger King veteran as next CEO
Business

Subway taps Burger King veteran as next CEO

Jonathan Fitzpatrick, CEO of Subway. Courtesy: Subway Sandwich chain Subway has tapped former Burger King executive Jonathan Fitzpatrick as the company’s latest CEO, effective July 28. The announcement on Monday follows a months-long search for former CEO John Chidsey’s successor. Chidsey retired at the end of 2024 after five years with the company. His tenure […]

Read More
Southwest Airlines sets a date for seat assignment launch, lays out new boarding order
Business

Southwest Airlines sets a date for seat assignment launch, lays out new boarding order

A Southwest Airlines Boeing 737 airplane departs from Harry Reid International Airport as another airplane taxis in Las Vegas, Nevada, on March 15, 2025. Kevin Carter | Getty Images News | Getty Images Southwest Airlines passengers will fly in assigned seats for the first time on Jan. 27, the carrier told CNBC. Customers can start […]

Read More