FREMONT, Calif. -- Electric-car startup Lucid Motors took another step toward becoming a real carmaker Wednesday with the unveiling of its first product, the Air, a sleek sedan that will be priced and equipped to compete squarely in Tesla’s target market.
The all-electric, all-wheel-drive sedan boasts a 100 kWh battery pack that promises “in excess” of 300 miles of range on a charge and 1,000 hp. The company is taking deposits on the car now and plans to begin deliveries in early 2019.
A “launch edition” commands a fully refundable $25,500 deposit for the first 255 models built. The final price of that Air hasn’t been finalized but will be in the neighborhood of $160,000. Options include a glass canopy roof, a 29-speaker audio system and likely the executive rear seating package.