HomeTechLucid Air Lineup Sees Massive Price Hike Due to Supply Chain Woes

Lucid Air Lineup Sees Massive Price Hike Due to Supply Chain Woes

The Lucid Air is a hell of anything. It includes massive range, amazing design and gratification for an admittedly princely cost. Just, since pricing is rising by lots, relating to an announcement created by CEO Peter Rawlinson during an earnings telephone call the other day.

How a great deal will be a lot? The bottom Air (aka natural) goes from $77,400 to $87,400, although the Air Touring goes from $95,000 to $107,400. The largest leap comes for Grand Touring design, which jumps from $139,000 to $154,000. But the Grand Touring Efficiency design wont get its $179,000 cost modified whatsoever.

If you are convinced that individuals are gonna drop their particular thoughts like they performed whenever Rivian abruptly bumped its costs, you could be incorrect. These cost increases simply take impact on Summer 1, generally there’s nonetheless time for you purchase before the period. More, those people who at this time hold bookings defintely won’t be anticipated to spend the greater costs when considering time for you change their particular bookings into purchases.

So, how come Lucid improving its costs therefore after entering manufacturing in the environment? Increasing expenses, obviously. The continuous international offer string problems (such as the semiconductor shortage), along with COVID-related factory closures in Asia, signify Lucid’s prices are rising. It seems sensible the organization would pass those expenses to customers.

Beyond the offer problems, Lucid is struggling a little to have vehicles off to consumers. It just was able to provide 360 cars in Q1 with this 12 months, that is perhaps not great. It should be interesting to observe how these cost increases impact the brand name’s product sales and whether or not it will get past its offer problems to begin creating vehicles at scale.

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