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California-based Lucid opened its first plant outside the United States in September, with an initial capacity to produce 5,000 EVs a year, after the Saudi government pledged to buy up to 100,000 vehicles from it over 10 years. "The car is fully built in Arizona ... then it gets de-assembled... then the car gets shipped here as a kit, and that kit is then put back together," Faisal Sultan, who is also Lucid's Global Vice-President, told Reuters.
It’s "incredibly rewarding" for luxury-EV maker Lucid to find its Air model on the best-vehicles list by Car & Driver. A proofreader would have made it even better.
Stifel analyst Stephen Gengaro launched coverage of electric-vehicle makers Rivian and Lucid at Buy and Hold, respectively. The analyst had upbeat comments...
Don't try to figure out why Tesla is valued like it is or why GM shares trade for less than one-quarter of the S&P 500 multiple. You'll lose your mind.
The ultimate goal of luxury is peace of mind. Those who think it is about ostentation and possessions may eventually realize that they were after a stres...