In addition to our recent drive of the Lucid Air Sapphire, we got the opportunity to test drive all of the American automaker’s 2024 models, including Pure, Touring, and Grand Touring, and have shared our thoughts below. As part of our visit, Lucid Motors also invited us behind the scenes at its design studio in California, where we got a look at the progress of its upcoming “Mid-Size” EVs.
Lucid Motors ($LCID) began its entry into the EV segment with its flagship Air sedan, which arrived as a 2022 model. In December, the American automaker unveiled its 2024 model year Airs, which added a new RWD version of the entry-level Pure variant.
That new Air started at an MSRP of $77,400 – its most affordable model to date. By February 2024, Lucid shared it was slashing prices of three of the four Air variants, including the RWD Pure, which now sits at a starting MSRP below $70,000.
Just yesterday, Lucid shared its upgrades to the Grand Touring version of the 2024 Air, which now utilizes the heat pump from its top-tier Sapphire edition and significantly faster charging speeds while offering the same EPA estimated range of 516 miles on a charge.
Last week, we visited Lucid in Northern California and had the opportunity to test out all four versions of the 2024 Air models, and got an exclusive look behind the scenes of its design center, which included a peek underneath the sheet of the mid-size EVs it has in development.
The 2024 Lucid Air Grand Touring / Source: Scooter Doll
Lucid’s 2024 Air models don’t disappoint, especially Pure
On a sunny and foggy day near Half Moon Bay last week, I got a chance to take all four of the 2024 model year Lucid Airs out and open them up on winding roads and coastal straightaways. I captured images of each of the four trims: RWD Pure, Touring, Grand Touring, and the tri-motor Sapphire.
The latter has been on my to-do list since it was first announced in the fall of 2022, so that review got its own dedicated post and video review. You can learn more about my experience here.
After Sapphire, I took each of the other three Lucid Air variants around an hour-long route to see how things differ in the 2024 models. Let’s start with Grand Touring. As previously mentioned, the Air GT saw the most significant upgrades in 2024, but the drive is admittedly the same from my experience.
Future customers will be able to take advantage of 15% to 30% faster DC charging speeds and better performance under winter conditions with the heat pump, but neither of those played a factor in my specific test drive.
The Grand Touring still screams luxury. As the top model not including the $249k Sapphire, the GT comes equipped with all the best features, including a beautiful panoramic glass canopy roof and a comfortable, roomy interior complete with metallic accents.
Its 819 horsepower cannot be denied when overtaking slower cars with dual motors, but in my opinion, the addable features like massage seats and power shades are the only noticeable upgrades compared to other trims. Yes, it’s the fastest of the three models below Sapphire (0-60 mph in 3 seconds), but I’d personally be more than happy in a Touring while saving some cash. The new upgrades are a welcomed addition; however, the GT is still a bit pricey, starting at $109,900.
When I drove the 2023 Air Touring for the first time, I hailed it as the model to splurge on. I found its acceleration and EV performance well beyond what the average consumer needs and didn’t really miss any of the additional bells and whistles present on the GT. For that reason, I felt that Touring fit the sweet spot for consumers interested in the Air… at least at the time.
The 2024 Lucid Air Touring strays the least from its previous iterations, but still delivers better specs than most other vehicles in its class. The current version offers 620 horsepower and can accelerate 0-60 mph in 3.4 seconds, all while promising 411 miles of all-electric range. At a lower price of $77,900, you can now get a Touring near the price of the original Air Pure.
Still, it’s a slam dunk in many ways if you’re interested in more interior features, but if you’re more hellbent on performance in terms of value, the new RWD Air Pure is where it’s at.
The two stars of my day of driving the 2024 model year Lucid Airs were Sapphire and Pure—both ends of the automaker’s current EV portfolio. Lucid CTO and CEO Peter Rawlinson has told us many times that the RWD Pure variant is his favorite, and it’s hard to disagree.
Even with the lowest specs of the lineup, the Pure delivers 430 hp and can accelerate from 0 to 60 mph in 4.5 seconds. With performance like that, you don’t even miss the second motor, trust me. Furthermore, its 410-mile range is a mere mile behind the Touring, but for $8,000 less.
What impressed me most about the RWD Pure was how smooth and quiet of a ride it was. All of the models are quiet, but there is something more polished about this new Pure I have trouble describing. What’s even crazier to think about is that this model could be considered a halo version in other automaker’s portfolios, and it’s Lucid’s entry-level option. This is another testament to how far ahead the automaker is in its EV architecture, inverters, and overall efficiency.
Not to mention the level of comfort and luxury Lucid puts into each and every one of its models. I still think Lucid could improve its software in all the vehicles. I certainly didn’t encounter as many bugs in the 2024 Lucid Air models as I’ve encountered in the past, but the UX still lags sometimes, and I had a few issues connecting my smartphone wirelessly using Apple Carplay.
Overall, I was impressed with all four of the 2024 Lucid Airs, but Sapphire and Pure are my favorites. Obviously, a tri-motor luxury EV with 1,234 hp will impress people, so that’s a given, but I think the RWD Pure is my new favorite and would be the model I recommend to consumers. Because of that, I felt like the Touring and Grand Touring got lost in the shuffle – I’d only recommend splurging on one of those trims if you absolutely require their better acceleration.
Looking ahead, Lucid continues to develop its second model – the Gravity SUV, which is set to begin production later this year. After that, Lucid intends to unveil a third mid-size option, which the company has teased in the past as a direct competitor to the Tesla Model 3 and Model Y.
As part of my trip, I got to see mid-size up close and gain some insight as to what we can expect.
Lucid’s design studio in California / Source: Lucid Motors
A peek at “Mid-Size” while touring Lucid’s design studio
This was another exciting trip with Lucid as I not only got to experience the power of the Air Sapphire, but also got to tour the automaker’s design studio outside of San Francisco as one of the few media to ever get taken into the back to see where all the EV magic happens.
Pictures were not allowed for obvious reasons, but we did get another up-close look at Gravity before we walked over to the main floor, where two clay models of the new mid-size EVs sat covered by sheets.
Although the developing models were covered, I was surprised at how large and assumedly spacious they still looked. From what I saw, Lucid is planning at least two variants for mid-size – a more passenger and family-friendly crossover and a more rugged SUV for the elements (we saw a roof rack and Toyo off-road tires).
Some of the targeted competitors are the upcoming Macan EV and Kia EV5 and we were told the new EVs will function similarly to model like the Hyundai Santa Fe, Rivian R2, and Ford Bronco. Lucid’s Senior Vice President of Design and Brand, Derek Jenkins walked us around the covered vehicles and even lifted up a corner of the sheet at the crossover’s rear to give us a peak at the clay. It’s definitely a work in progress, but it looks sleek and unique… although its design is sure to change several more times before its targeted arrival in 2026.
One exciting design aspect that Jenkins preached was this idea of “inclusivity,” particularly in the cabin of the mid-seize models. He mentioned integrating music, video, and phone use as immersive experiences unlike anything the public has ever seen, all of which can be controlled from anywhere in the vehicle – adding a sort of group experience to driving… although many of these incoming features will likely only be available while parked.
Jenkins also shared that the smartphone will play a critical role in the mid-size experience, whatever that means. He said that Lucid is not trying to beat or replace the phone but that there is potential in that technology and its experience that the automaker feels can do better with a car.
Peter Rawlinson was also with us, showing plenty of excitement about Lucid’s third vehicle design. However, he and Jenkins both admitted they are still a ways away from agreeing on the new EV names. When asked about pricing, Rawlinson said Lucid is targeting $48,000 to $50,000 starting MSRPs, but “it could get up to $60,000, I suppose.”
To help keep prices down in the future, Rawlinson expressed a trickle-down design efficiency that bolsters tech throughout the portfolio and streamlines production while utilizing the components across multiple models to help lower costs. We’re already seeing it happen with the Sapphire heat pump in the Air Grand Touring, as mentioned above, so expect more of that strategy in “mid-size” and beyond.
That’s all for now. We likely won’t see any genuine looks at the new mid-size Lucid EVs for a while, as they remain a work in progress. That progress does sound quite encouraging however, and we will be sure to keep you in the know as we learn more. For now, we will remain focused on the 2024 Lucid Air models as we gear up for the official launch of Gravity.
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In the Electrek Podcast, we discuss the most popular news in the world of sustainable transport and energy. In this week’s episode, we discuss Trump’s Big Beautiful bill becoming law and going after EVs and solar, Tesla, Ford, and GM EV sales, Electrek Formula Sun, and more
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A new Tesla prototype was spotted again, reigniting speculation among Tesla shareholders, even though it’s likely just a Model Y, potentially a bit smaller, and the upcoming stripped-down, cheaper version.
It sparked a lot of speculation about it being the new “affordable” compact Tesla vehicle.
There’s confusion in the Tesla community around Tesla’s upcoming “affordable” vehicles because CEO Elon Musk falsely denied a report last year about Tesla’s “$25,000” EV model being canceled.
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The facts are that Musk canceled two cheaper vehicles that Tesla was working on, commonly referred as “the $25,000 Tesla” in early 2024. Those vehicles were codenamed NV91 and NV92, and they were based on the new vehicle platform that Tesla is now reserving for the Cybercab.
Instead, Musk noticed that Tesla’s Model 3 and Model Y production lines were starting to be underutilized as the Company faced demand issues. Therefore, Tesla canceled the vehicles program based on the new platform and decided to build new vehicles on Model 3/Y platform using the same production lines.
We previously reported that these electric vehicles will likely look very similar to Model 3 and Model Y.
In recent months, several other media reports reinforced this, and Tesla all but confirmed it during its latest earnings call, when it stated that it is “limited in how different vehicles can be when built on the same production lines.”
Now, the same Tesla prototype has been spotted over the last few days, and it sent the Tesla shareholders community into a frenzy of speculations:
Electrek’s Take
As we have repeatedly reported over the last year, the new “affordable” Tesla “models” coming are basically only stripped-down Model 3 and Model Y vehicles.
They might end up being a little smaller by a few inches, and Tesla may use different model names, but they will be extremely similar.
If this is it, which is possible, you can see it looks almost exactly like a Model Y.
It’s hard to confirm if it’s indeed smaller because of the angle of the vehicle compared to the other Model Ys, but it’s not impossible that the wheelbase is a bit smaller – although it’s hard to confirm.
Either way, the most significant changes for these stripped-down, more affordable “models” are expected to be cheaper interior materials, like textile seats instead of vegan leather, no heated or ventilated seats standard, no rear screen, maybe even no double-panned acoustic glass and a lesser audio system.
As previously stated, the real goal of these new variants, or models, is to lower the average sale price in order to combat decreasing demand and maintain or increase the utilization rate of Tesla’s current production lines, which have been throttled down in the last few years to now about 60% utilization.
If this trend continues, Tesla would find itself in trouble and may even have to close its factories.
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CANNES — Wall Street’s new plumbing is being built on Ethereum and this week its architects took over the same French Riviera villas and red carpet venues that host the Cannes Film Festival in May.
The Ethereum Community Conference, or EthCC, took over the beachside town that was swarming with crypto founders, developers, and some of the institutional giants now building atop the infrastructure.
The crypto elite climbed the iconic red-carpeted steps of the Palais des Festivals — a cinematic landmark now repurposed as the stage for Ethereum’s flagship European event.
“The atmosphere this year was palpable in Cannes,” said Bettina Boon Falleur, the powerhouse behind EthCC for the past seven years. “The prestige of the location, combined with the quality of talks, has reinforced Ethereum’s stature and purpose in the wider ecosystem.”
Private parties sprawled across cliffside estates and exclusive resorts, but the conversations were less about price action and more about the blockchain’s evolving role as the back-end of global finance.
EthCC, now in its eighth year, has tracked Ethereum’s trajectory from scrappy experiment to institutional backbone.
“That impact was unmistakable this year,” Falleur said. “From Robinhood embracing decentralized finance infrastructure via Arbitrum to local governments like the City of Cannes exploring deeper integration with the crypto economy.”
Indeed, one of the boldest moves came this week from Robinhood, which became the first publicly traded U.S. company to launch tokenized stocks on-chain.
At a product showcase held inside a Belle Époque mansion overlooking the sea, Robinhood unveiled a sweeping new crypto strategy — including the ability for European users to trade tokenized U.S. stocks and ETFs via Arbitrum, a Layer 2 network built on Ethereum.
The announcement helped push Robinhood stock past $100 for the first time, capping off a week of fresh all-time highs and a more than 30% rally since being snubbed by the S&P 500 during a recent rebalance.
Inside the Palais des Festivals, ETHCC draws founders, developers, and institutions into the same halls that host the world’s biggest film premieres — this time, for the future of finance.
MacKenzie Sigalos
Ether, the token native to the Ethereum blockchain, was up nearly 6% on the week and several public equities tied to the blockchain have rallied alongside it.
BitMine Immersion Technologies, a company that mines bitcoin, gained more than 1,200% since announcing it would make ether its primary treasury reserve asset. Bit Digital, which recently exited bitcoin mining to “become a pure play” ethereum staking and treasury company, gained more than 34% this week. And SharpLink Gaming, which added more than $20 million in ether to its balance sheet this week, jumped more than 28% on Thursday.
Ether ETF inflows are rising again too — a sign that institutional investors are warming back up.
Ether is still down more than 20% this year and lags far behind bitcoin in market cap and adoption. But funds tracking ETH have seen two straight months of mostly net inflows, according to CoinGlass data. Still, ether ETFs total just $11 billion — compared to $138 billion in bitcoin ETFs.
Institutions aren’t betting on Ethereum for hype — they’re betting on infrastructure.
Even as prices stall and the network faces headwinds from slower base layer revenues and faster rivals like Solana, the momentum is shifting toward utility.
“Ethereum is getting plugged into these core transactional systems,” Paul Brody, global blockchain leader at EY, told CNBC on the sidelines of EthCC. “Investors, savers, people moving money — they are going to start shifting from some of the older mechanisms of doing this into Ethereum ecosystems that can do these transactions faster, cheaper, but also very importantly, with significant new functionality attached to it.”
Crypto founders and developers climb the iconic red-carpeted steps of the Palais des Festivals — a familiar backdrop for the Cannes Film Festival, now repurposed for Ethereum’s flagship European event.
MacKenzie Sigalos
Deutsche Bank recently announced it’s building a tokenization platform on zkSync — a faster, cheaper blockchain built on top of Ethereum — to help asset managers issue and manage tokenized funds, stablecoins, and other real-world assets while meeting regulatory and data protection requirements.
Coinbase and Kraken are also racing to own the crossover between traditional stocks and crypto.
Coinbase has filed with the SEC to offer trading in tokenized public equities, a move that would diversify its revenue stream and bring it into more direct competition with brokerages like Robinhood and eToro.
Kraken announced plans to offer 24/7 trading of U.S. stock tokens in select overseas markets.
BlackRock‘s tokenized money market fund, BUIDL — launched on Ethereum last year — offers qualified investors on-chain access to yield with redemptions settled in USDC in real time.
Stablecoins, meanwhile, continue to serve as the backbone of Ethereum’s financial layer.
“The builders and contributors at EthCC aren’t chasing the next bull run,” Falleur said, “they’re laying the groundwork to make Ethereum home for the next billion users.”
Even as newer blockchains tout faster speeds and lower fees, Ethereum is proving its staying power as a trusted network.
Vitalik Buterin, Ethereum’s co-founder, told CNBC in Cannes that there is an assumption that institutions only care about scale and speed — but in practice, it’s the opposite.
Ethereum co-founder Vitalik Buterin delivers a keynote at ETHCC, laying out the network’s next steps — and its values test — as institutional adoption accelerates.
EthCC
“A lot of institutions basically tell us to our faces that they value Ethereum because it’s stable and dependable, because it doesn’t go down,” he said.
Buterin added that firms often ask about privacy and other long-term features — the kinds of concerns that institutions, he said, “really value.”
Tomasz Stańczak, the new co-executive director of the Ethereum Foundation, said institutions are choosing Ethereum for the same core reasons.
“Ten years without stopping for a moment. Ten years of upgrades, with a huge dedication to security and censorship resistance,” he said.
He added that when institutions send orders to the market, they want to be “absolutely sure that their order is treated fairly, that nobody has preference, that the transaction actually is executed at the time when it’s delivered.”
Those guarantees have become increasingly valuable as stablecoins and tokenized assets move into the mainstream.
Ethereum’s core values — neutrality, security, and censorship resistance — are emerging as competitive advantages.
The real test now is whether Ethereum can scale without losing its values.
“We don’t just want to succeed,” Buterin said from the mainstage of the Palais this week. “We want to be something that is worthy of succeeding.”
He said the hope is that future generations will look back and see a network that truly delivered openness, freedom, and permissionless access to the masses.
White-clad guests dance poolside at the rAAVE party in Cannes.
MacKenzie Sigalos
But the week didn’t end in the conference halls, it closed with tradition. On the balcony of Villa Montana, overlooking the Bay of Cannes, the rAAVE party lit up.
White-clad guests sipped cocktails as the DJ spun by the pool, haze curling from smoke machines.
This year, Chainlink co-founder Sergey Nazarov and DeFi icon Stani Kulechov, founder of Aave, stood atop the balcony overlooking the crowd and the light-dotted skyline of Cannes.
It was a fitting snapshot of the momentum behind Ethereum’s institutional rise and symbolic of Web3’s shift from niche experiment to financial mainstay.