Lucid affords staff $18,000 reductions on its luxurious EV – Enterprise Insider

By | December 3, 2022

Lucid Motors is providing staff an $18,000 low cost to purchase its luxurious vehicles by the top of the yr, the electric-vehicle startup advised Insider. 
This week, Lucid started providing all full-time common US staff a “stipend” to purchase the 2022 Grand Touring, in line with an inside electronic mail Insider considered. The Grand Touring is the corporate’s third variant behind the restricted Air Dream Version and Grand Touring Efficiency. Pricing begins at $154,000.
Workers who buy a Grand Touring and take supply by December 31 will obtain $500 every pay interval, which covers two weeks’ value of funds, till the funds complete $18,000, supplied they proceed to work at Lucid. The corporate additionally mentioned availability and configurations are restricted.
“We’ve got all the time needed to seek out the proper time to assist reward our staff who have been involved in driving a Lucid Air every single day,” Nat Lingo, a spokesperson for Lucid, advised Insider. “With our latest ramp up, we now have been capable of honor this request from our staff.”
This system may assist Lucid juice supply numbers earlier than the yr’s finish because it ramps up manufacturing of its flagship Air sedan. As of the third quarter, Lucid had produced a complete of three,687 automobiles this yr, and initially aimed to construct between 6,000 and seven,000 automobiles in 2022. It has not but given 2023 steering. 
In the meantime, Lucid noticed reservations drop from 37,000 in Q2 to 34,000 in Q3, which Sherry Home, the CFO of Lucid, attributed to a mixture of deliveries made and buyer cancellations. 
Even with reservations declining, the corporate nonetheless has 1000’s of reservations to meet — together with an order for as much as 100,000 automobiles from the Saudi Arabian authorities. 
A former worker advised Insider that regardless of worker curiosity, Lucid didn’t provide any such program earlier as a result of firm’s order quantity.
Unconfirmed reviews have mentioned the EV startup Rivian has additionally launched an employee-purchase program.
Are you a present or former Lucid worker? Do you personal a Lucid car? Do you have got a information tip or opinion you’d wish to share? Contact this reporter from a non-work system and account at or on Sign at 313-570-6709.
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