1/5/2024 0 Comments Lucid motors stock price today![]() Actual range and mileage will vary with options, driving conditions and habits, vehicle and battery's condition and other factors All figures are EPA estimates and for comparison purposes only. MPGe is the EPA-equivalent measure of gasoline fuel efficiency for electric mode operation. ![]() SE RWD (Standard Range): MPGe 127 City/ 94 Hwy/110 combined MPGe and 220 mile driving range. SE/SEL/Limited AWD: MPGe 110 City/87 Hwy/90 Combined MPGe and 256 mile driving range. SE/SEL/Limited RWD: MPGe 132 City/98 Hwy/114 Combined MPGe and 303 mile driving range. ***2022 IONIQ 5 RWD 303-mile range based on a fully charged battery and combined MPGe. Warranty is non-transferable and not valid on exported vehicles. The Lifetime Hybrid/Electric Battery Warranty does not apply to lease, commercial vehicles or vehicles serviced outside the U.S. The Lifetime Hybrid/Electric Battery Warranty ensures that if the lithium-ion polymer battery fails, Hyundai will replace the battery and cover recycling costs for the old battery free of charge to the original owner. **The 10-Year/100,000-Mile Hybrid/Electric Battery Warranty applies to all U.S. Please contact your Hyundai dealer for current vehicle specifications. Some vehicles are shown with optional equipment. Hyundai reserves the right to change product specifications and equipment at any time without incurring obligations. While the information contained in this website was correct at time of publishing, specifications and equipment can change. Some accessories are not available on some models. However, in the long term, Lucid Motors will have to overcome global supply chain constraints and get its production back on track if it hopes to achieve sustained growth in its share price.*Your actual mileage will vary with options, driving conditions, driving habits, and vehicle's condition. For shareholders, today’s rise is no doubt welcome news. LCID stock gets a nice lift today on news of the big order from the Saudi government. Previously, it forecast 2022 production of 20,000. This past February, Lucid lowered its 2022 production target, saying it expects to build 12,000 to 14,000 electric vehicles this year. However, Lucid Motors has reported some production issues in recent months, due mostly to global supply chain constraints. The sales to Saudi Arabia also provide Lucid with a regular and predictable stream of income. ![]() ![]() The order from the Saudi government is a boon to Lucid Motors and vote of confidence in its strategy and operations at a time when the company is ramping up both its production and sales. Deliveries will gradually increase to between 4,000 and 7,000 per year starting in 2025. The Saudi government will initially order 1,000 to 2,000 vehicles per year from Lucid Motors, starting in 2023. These vehicles will include those built in Arizona, as well as at a new factory the company plans to build within Saudi Arabia. Over that time period, it will have an option to purchase another 50,000. Under terms of the deal, Saudi Arabia’s Ministry of Finance will purchase at least 50,000 Lucid vehicles over the next 10 years. However, the Lucid Air was named MotorTrend’s “Car of the Year” and has won numerous other industry accolades. The company only began production of its first electric vehicle, the Air luxury sedan, last September. News of the Saudi government’s order is not that surprising given that the country’s public wealth fund has a 62% stake in Lucid Motors.
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