Lucid’s $50,000 Tesla Challenger Under Development, CEO Suggests::Lucid CEO Peter Rawlinson said the company’s next model line-up will target a mass-market family car segment.
50k is not mass market.
Exactly.
We don’t need 50K “challengers” to Tesla.
We need 20K challengers that real peoole might be able to afford.
Can you even buy a new ICE car for $20.000? Last time I was looking for a car a 5 year old Citroen berlingo cost around that. What can you get for 20.000? A basic Toyota yaris? Hybrid yaris costs <30k but I feel like when Americans say they want $20.000 electric car they mean electric SUV with 600km range. Yeah, that’s not happening.
Mass market options exist, but everyone laughs at Leafs and Bolts.
Hyundai is working on it
https://www.teslarati.com/hyundai-20000-minicar-electric-vehicle-europe/amp/
I am guessing it will be more of a i10 or i20 sized car
Not gonna happen until battery prices come wayyyy down.
Tesla is the only one that could do it but they won’t. Too much demand.
There are plenty of cars coming out of China at that price point. With decent range figures too.
Because China has zero safety or intellectual property regulations.
That doesn’t stop them from existing, or being highly competitive. It’s up to western and Japanese car makers to compete rather than pretend it’s not happening.
The cars also pass NCAP/ANCAP testing with 5 stars.
That doesn’t stop them from existing
…what? Why would you even say that? Of course they “exist” but they don’t have to meet any of the safety or labor regulations they do in the US.
But by all means if you want to further exploit cheap labor and drive a deathtrap, move to China.
You don’t have to like them, but explain to me how it’s a ‘deathtrap’ if it passes the same safety standards as a car produced anywhere else. A 5 star NCAP car doesn’t become less safe just because it’s Chinese.
6 of the top 10 safest cars tested in 2023 are from Chinese automakers.
They are producing and exporting safe and affordable electric vehicles and they’re seeing great success in Europe and Oceania. Tarrifs are the only thing protecting the US auto market from similar inroads.
*FWIW the two cars in our household are American and German. I don’t have a vested interest in Chinese automakers.
Not gonna happen until battery prices come wayyyy down.
One would expect increasing the number of cars sold should drive economies of scale nine manufacturing.
To an extent, yes. But at this point there’s a production shortage and they can’t even make enough as it is. So it would actually cost MORE money to increase supply.
Presumably increasing demand should lead to ramping up of production over time, as it has in the past for pretty much everything
Yes, “over time”. Now is not that time.
Things that happen over time need a starting point.
“working on” a car is not the same thing as selling a car…
Well you said tesla is the only one that can do it,and they are not, I reckon they are the one of the companies that can’t do it because they need big margins to expand
Also
17.5k pounds
https://heycar.com/uk/blog/n2022-dacia-spring-electric--price--specs-and-relea
Citroen ec3
21K pounds
https://ev-database.org/uk/car/2039/Citroen-e-C3#
Tesla is about to have a bad time
I reckon they are the one of the companies that can’t do it because they need big margins
Quite the opposite. They’re one of the few who can because they have massive margins already.
Tesla is about to have a bad time
LMFAO 😂 you think these companies are going to take literally any business from Tesla? It’s a completely different market.
No, mate the big automakers will take the market from tesla, VW group, Stellantis, Hyundai group
Not to mention the chinese, teslas market share has already stalled
20k and lol like actual cars (sedans). The bubbly, hatchback-like design of most EVs are ugly AF.
Who cares?! Affordable, Safe, Enough range, Enough space, Comfy.
Cheapest tesla is 50k so target price is right
Cheapest Tesla is the base Model 3 at 39k.
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Mass market means mass production. Have they proven capable of that yet?
Didn’t they go bankrupt?
Bankrupt doesn’t always mean done. It sometimes means financial reorganization.
Fisker did, but they’re back anyway.
No, it didn’t go bankrupt. It’s trading as LCID on Nasdaq.
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