Two years ago Tesla chief executive Elon Musk proudly claimed there was still no battery car that could compete with the Model S he launched in 2012.
At the time, it was true — and even models from Porsche and Jaguar in 2020 failed to match the specs of his eight-year-old electric vehicle. “Still waiting,” Musk quipped.
Lucid Motors claims the wait is nearly over.
The Lucid Air, which is set to begin production later this year, boasts a range of 500 miles, twice the 2012 Tesla range and a quarter higher than any current Tesla, plus a recharging system that would replenish hundreds of miles within minutes.
The company, backed by the Kingdom of Saudi Arabia, wants to emulate not only Tesla’s battery-stretching performance in its cars, but also the stock market acceleration that has seen it catapulted to become one of the world’s most valuable companies.
This week, the…