Lucid Air
Rivian Automotive and Lucid Group Inc., two electric-car startups looking to emulate Tesla Inc.’s success, are making their marketplace debuts, shipping their first models to customers and planning to expand production.
Lucid, a California-based upstart that went public in July through a merger with a special-purpose acquisition company, began building its first all-electric Air sedans in Arizona in September and started delivering them to customers Saturday.
The company, which is backed by Saudi Arabia’s sovereign-wealth fund, is looking to target the high-end market for luxury electric cars—a niche long dominated by Tesla—with the Air, a model that starts at $77,400. The first versions delivered over the weekend cost around $169,000.