Business
Musk reacts to Lucid Air “gauntlet”, promises to drop price of Model S – The Driven
Tesla boss Elon Musk says he will cut price of premium Model S sedan after rival Lucid launch of base luxury Air electric vehicle.
Tesla CEO and co-founder Elon Musk has reacted quickly keep the EV maker’s premium Model S sedan competitive, saying Tesla will drop the price of its flagship electric car after rival Lucid launched a “cut price” base version of its luxury Air EV range overnight.
Saudi-backed Lucid Motors hinted at the base electric vehicle when it first revealed details and specifications of its electric car range in September.
The base model has the same range of 406 miles (653km) as the higher priced Lucid …
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