You can now lease a Lucid Air for under 0 a month with up to ,000 in savings

You can now lease a Lucid Air for under $550 a month with up to $15,000 in savings

Published

1 month ago

October 3, 2024

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Lucid’s luxury EV is now more affordable than ever. With up to $15,000 in savings on 2024 Lucid Air Pure models, lease prices have dropped below $550 per month.

Lucid Air lease prices are cheaper than ever

Since delivering its first EV, the Air Dream Edition, in 2021, Lucid continues making its vehicles more efficient and affordable.

The Dream Edition model cost a whopping $169,000. In November 2022, the Air Pure was introduced. The “elemental Lucid Air” started at $87,400.

Last October, Lucid launched its most affordable EV to date, the Air Pure RWD, which started at $77,400.

As Lucid introduces new tech, its vehicle prices continue dropping. The 2025 Lucid Air, deemed the “most energy-efficient mass-production car” ever made, starts at $69,900, nearly $20,000 lower than when it hit the market two years ago.

With the new model year hitting the market, Lucid is offering significant incentives this October on the 2024 Aire Pure.

The 2024 Lucid Air Pure is available to lease for $549 for 36 months. That includes $15,000 in savings with added “Air” and “EV” credits. The deal includes $5,549 due at signing.

Alternatively, you can finance the 2024 Air Pure with a 1.99% APR (up to 72 months) rate with a $7,500 Air credit.

Lucid is offering $17,500 in savings on the 2024 Grand Touring model. It’s listed at $849 for 36 months, with $7,349 due at signing. The 2024 Grand Touring trim is available with 1.99% APR financing (up to 72 months) and an added $10,000 Air credit.

2024 Lucid Air trim	Starting Price	EPA-estimated Range
Lucid Air Pure	$69,900	419 miles
Lucid Air Touring	$77,900	411 miles
Lucid Air Grand Touring	$109,900	516 miles
Lucid Air Sapphire	$249,000	427 miles

2024 Lucid Air prices and range by trim

If you want the new 2025 model year, Lucid is offering the Pure for $649 per month with $5,649 due upfront. It includes $10,000 in savings. The 2025 Grand Touring is listed at $949 per month, with $7,449 due at signing. The offer includes a $12,500 credit.

Check out Lucid’s website for all the offers. Or, if you’re ready, you can use our link to view deals in your area.

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Cybertruck backlog runs out, Model S gets stuck, GM hits a sales milestone

Published

3 hours ago

November 5, 2024

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Cybertruck backlog runs out, Model S gets stuck, GM hits a sales milestone

On today’s episode of Quick Charge, Tesla’s Cybertruck is now available in Canada – and, like in the US, there’s no waiting! Plus, we’ve got an “actually” smart summon Tesla that’s actually stuck, GM reaches a sales milestone, and we get a brand-new title sponsor!

Today’s episode is the first with our new title sponsor, BLUETTI – a leading provider of portable power stations, solar generators, and energy storage systems.

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Prefer listening to your podcasts? Audio-only versions of Quick Charge are now available on Apple Podcasts, Spotify, TuneIn, and our RSS feed for Overcast and other podcast players.

New episodes of Quick Charge are recorded, usually, Monday through Thursday (and sometimes Sunday). We’ll be posting bonusLucid proves than an EV company can keep its promises while Xiaomi teams up with Chevrolet and Honda to prove – at least conceptually – that records are made to be broken. audio content from time to time as well, so be sure to follow and subscribe so you don’t miss a minute of Electrek’s high-voltage daily news!

Got news? Let us know!
Drop us a line at tips@electrek.co. You can also rate us on Apple Podcasts and Spotify, or recommend us in Overcast to help more people discover the show!

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This ‘supercharger on wheels’ brings fast charging to you [update]

Published

4 hours ago

November 4, 2024

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This 'supercharger on wheels' brings fast charging to you [update]

Mobile car care company Yoshi Mobility launched a DC fast charging EV mobile unit that it likens to “a supercharger on wheels.”

November 4, 2024 update: Yoshi Mobility will only be charging EVs on the side of the road now – it announced today that it’s selling its fleet fueling operation to EZFill Holdings (Nasdaq: EZFL).

It was originally founded as a direct-to-consumer, mobile fueling business in 2016, but now it’s going to focus on mobile EV charging, virtual vehicle inspections for partners like Uber and Turo, and onsite preventative maintenance.

Bryan Frist, Yoshi Mobility’s CEO & cofounder, said, “By spinning off our fuel business and focusing all of our energy on solving hair-on-fire problems that fleet owners face, we are meeting the changing needs of enterprise customers while making the future of transportation safer, cleaner, and more sustainable.”

May 22, 2024: Yoshi Mobility saw that its existing customers needed mobile EV charging in places where infrastructure has yet to be installed, so the Nashville-based company decided to bring the mountain to Moses.

“We recognized a demand among our customers for convenient daily charging, reliable private charging networks, and proper charging infrastructure to support their fleet vehicles as they transition to electric,” said Dan Hunter, Yoshi Mobility’s chief EV officer and cofounder.

The company says its 240 kW mobile DC fast charger, which can turn “any EV” into a mobile charging unit, is the first fully electric mobile charger available. It can provide multiple charges in a single trip but doesn’t detail how they charge the DC fast charger or who manufactured it. (I asked for more details, and they replied that they won’t disclose client names or the manufacturer of its DC fast charger yet.)

Yoshi is launching its mobile charger on two GM BrightDrop Zevo 600s and will introduce additional vehicles throughout 2024. It aims for full commercialization by Q1 2025. (I wonder if the Zevo 600 ever charges itself? Yes, I asked that too.)

Yoshi Mobility says it’s already deployed its EV charging solutions to service “major OEMs, autonomous vehicle companies, and rideshare operators” across the US. Its initial customers are made up of large EV operators managing “hundreds” of light-duty vehicles requiring up to 1 megawatt of energy per day that don’t yet have grid-connected EV chargers. I’ve asked Yoshi for details of who it’s working with, and will update if they share that info.

The company says pricing is based on location and enterprise charging needs. Once under contract for service, the service will be deployed to US-based customers within 10 days.

To date, Yoshi Mobility has raised more than $60 million, with investments from GM Ventures, Bridgestone, ExxonMobil, and Y-Combinator in Silicon Valley.

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Environment

Marqeta shares plunge more than 30% on big forecast miss

Published

5 hours ago

November 4, 2024

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Marqeta shares plunge more than 30% on big forecast miss

Marqeta celebrates its initial public offering at the Nasdaq on June 9, 2021.

Source: The Nasdaq

Marqeta shares tumbled more than 30% in extended trading on Monday after the company issued weaker-than-expected guidance for the fourth quarter.

Here’s how the company did compared with Wall Street estimates, based on a survey of analysts by LSEG:

Loss per share: 6 cents adjusted vs. a loss of 5 cents expected
Revenue: $128 million vs. $128.1 million expected

While third-quarter results showed a slight disappointment on the top and bottom lines, Marqeta’s forecast for the current period was more concerning.

The payment processing firm said revenue in the fourth quarter will increase 10% to 12% from a year earlier. Analysts were looking for growth of more than 17%, according to LSEG.

Marqeta, which primarily functions as a card-issuing platform, attributed the guidance miss to “heightened scrutiny of the banking environment and specific customer program changes.” The company has been struggling for a while, and its stock is now down more than 80% from its peak in 2021, the year it went public. The stock was down 15% for the year prior to the report.

Total processing volume of $74 billion was up more than 30% from a year earlier. Net revenue and gross profit were up 18% and 24%, respectively.

Marqeta’s digital commerce business sells payment technology designed to detect potential fraud and ensure that money is properly routed. It also issues customized physical cards that look like a credit or debit card that can be used for point-of-sale purchases.

The company has been trying to break into the buy now, pay later business with a recently launched product called Marqeta Flex. The service brings BNPL from lenders such as Affirm or Klarna to any credit card wherever Mastercard and Visa are accepted.

“It’s an orchestration layer, but it’s tied to issuing and processing and disputes and chargebacks,” CEO Simon Khalaf told CNBC at Money2020 in Las Vegas last week. “So it is not actually a Wild West in BNPL. It is actually very well established. And there is a reason why a lot of people are jumping to it.”