After beating for great an expected "Tesla Killer," Elon Musk is taking a well-deserved triumph lap of sorts today as Lucid Group has actually lastly accepted the inescapable.
That should have been a bitter tablet to swallow-- Elon
Musk (@elonmusk) November 6, 2023
Related Story Here Is Why Tesla Just Settled an FSD-Related Lawsuit To wit, Lucid Group revealed today that it was embracing Tesla's North American Charging Standard (NACS) for its EVs, reliable from 2025 onwards. To this, Elon Musk composed on X:
"That should have been a bitter tablet to swallow."
Keep in mind that Lucid Group's CEO, Peter Rawlinson, is extensively credited with creating Tesla's Model S. Back in 2021, Elon Musk had openly cast aspersions on Rawlinson's contributions at the EV giant, stating that Lucid Group's CEO had actually just signed up with Tesla after the production of the Model S model and left the business before "things got hard."
Naturally, with EV heavyweights in the United States and Canada just recently embracing Tesla's NACS in droves, it was just a matter of time up until Lucid Group collapsed. To the victor go the spoils, after all.
When it comes to Lucid's own future, it stays rather dirty at the minute. Versus a specified target of producing 10,000 EVs in the whole 2023, the business has actually up until now handled to produce simply around 6,737 EVs, consisting of around 600 systems that were sent out to Saudi Arabia for last assembly by the end of the quarter. This indicates that the business will need to produce 3,263 systems in Q4 alone to satisfy its mentioned target - a high order by any meaning.
In an environment identified by a full-fledged cost war released by Tesla on its rivals, Lucid Group has actually been having a hard time to discover ready purchasers for its EVs, in spite of the state patronage from the Kingdom of Saudi Arabia. To wit, the business has actually cumulatively provided simply 4,267 systems. This suggests that around 2,470 systems have actually wound up in the business's stock.
-- Lucid Motors (@LucidMotors) November 6, 2023
On the intense side, Lucid Group is all set to reveal the interior of the Gravity SUV at the LA Auto Show on the 16th of November. The car is anticipated to get in volume production in late 2024 or early 2025.