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Despite admitting “the market is tough,” Lucid Motor’s (LCID) CEO Peter Rawlinson said the luxury EV maker is outpacing its rivals.

With nearly 2,800 vehicles delivered in Q3, Lucid broke its quarterly record for the third consecutive time this year.

Although deliveries are picking up, production at its Casa Grande, Arizona plant is slipping. Lucid built 1,805 EVs over the last three months, down from 2,110 in Q2.

Two years ago, Lucid expected to build 90,000 vehicles in 2024. Now, its production target is 9,000 for the year, meaning Lucid will need to make another 3,359 vehicles in the fourth quarter to hit its goal.

“The market is tough,” Rawlinson told Semafor’s Liz Hoffman. However, he added, “the actual sales numbers of EVs are increasing.”

Rawlinson explained, “It’s just that the rate of increase was not what we anticipated. It’s like saying there’s inflation, but the rate of inflation is less.”

Lucid-stock-offering
Lucid Air (left) and Gravity SUV (right) models (Source: Lucid)

Lucid is still outpacing many luxury rivals

Despite the lower outlook, Lucid is still outpacing many of its luxury rivals. Rawlinson said buyers have been “ill-served by underwhelming offerings from traditional automakers that haven’t gone all-in on electric.”

Lucid’s CEO says those companies have “not been able to because they’ve not got the technology, and they’ve not got the long-term commitment.”

Lucid-tech-advantage
(Source: Lucid Motors)

Rawlinson boasted, “We’re outselling the Mercedes EQS. We’re outselling the Porsche Taycan. We’re outselling the [Audi] eTron. We’re out selling BMW Ice.” In some markets, Lucid’s Air is even outselling the Tesla Model S.

According to Cox Automotive, Lucid sold 5,766 Air models in the US through September, up 35% from last year. That’s more than the Audi e-tron (2,066) and Porsche Taycan (4,072).

Lucid-Gravity-SUV
Lucid Gravity SUV (Source: Lucid)

Lucid plans to begin building its first electric SUV, the Gravity, later this year that’s expected to greatly expand its market. According to Lucid, the Gravity will start at under $80,000 with over 440 miles range.

Ahead of its debut, Lucid announced plans to sell 262.4 million shares of common stock through a new public offering.

Lucid-teases-midsize-SUV
Lucid midsize electric SUV teaser image (Source: Lucid)

Last month, Lucid teased its new midsize electric SUV. It will be the first of Lucid’s lower-priced midsize models, starting at under $50,000.

Electrek’s Take

Despite some media headlines claiming “electric vehicle sales are stumbling,” many companies just set new sales records in the third quarter.

In the US, a record 346,309 EVs were sold in the third quarter, up 11% from Q3 2023. Electric vehicle share of total sales reached its highest level at 8.9%, up from 7.8% in Q3 2023.

Perhaps Lucid’s CEO has a point. People have been “ill-served” by automakers that have failed to keep up with the shift to a digital, electric era. Buyers want the newest, most advanced tech, features, and connectivity. And electric vehicles offer that.

In Rawlinson’s words, “If you like driving fast cars, it’s a must. If you like lots of legroom and comfort, it’s a must. If you like a nice, quiet and comfortable ride, it’s a must. And if you want to save the planet, it’s a must.”

According to Rawlinson, manufacturing is not the problem. “Our problem is market demand, and that is very much a function of brand awareness.”

The company’s leader said those not interested in cars “won’t bother to find out that Lucid exists.” Instead, they’ll “just go to your Mercedes dealer every three years because you can’t beat the three-pointed star as a brand.” That’s where Lucid looks to make the difference as it enters its next growth stage.

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Trump family gets 75% of crypto coin revenue, has no liability, new document reveals

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Trump family gets 75% of crypto coin revenue, has no liability, new document reveals

Donald Trump’s crypto project, World Liberty Financial, published a 13-page document on Thursday, describing its mission, how tokens can be allocated, and indicating that the Republican presidential nominee and his family could take home 75% of net revenue.

In what it calls the “World Liberty Gold Paper,” WLF said the Trump family will receive 22.5 billion “$WLFI” tokens, currently valued at $337.5 million, based on the price of 1.5 cents per token at launch this week.

Trump, who’s in a virtual dead heat with Vice President Kamala Harris as the election reaches its closing stages, has spent months pumping his crypto project, previously branding it as “The DeFiant Ones,” a play on DeFi, short for decentralized finance.

On Tuesday, the project launched the WLFI token and said in a roadmap that it was looking to raise $300 million at a $1.5 billion valuation in its initial sale. As of Thursday, only $12.9 million worth of the token have been sold, according to its website.

The paper released on Thursday shows that Trump and his family assume no liability. It indicates that none of them are directors, employees, managers or operators of WLF or its affiliates, and said the project and the tokens “are not political and have no affiliation with any political campaign.”

Neither WLF nor the Trump campaign immediately responded to a request for comment.

Crypto projects typically release white papers before they launch their coins, offering a guide so that investors can learn more about the mission, goals and how future tokens get allocated. WLF’s paper says that a Delaware-based company named DT Marks DEFI LLC, which is connected to the former president, is set to receive three-quarters of the net protocol revenues.

WLF bills itself as a crypto bank where customers will be encouraged to borrow, lend and invest in digital coins. The document released Thursday defines net protocol revenue as income to WLF from “any source, including without limitation platform use fees, token sale proceeds, advertising or other sources of revenue, after deduction of agreed expenses and reserves for WLF’s continued operations.”

Some $30 million of the the initial revenue is earmarked to be held in a reserve intended to cover operating expenses and other financial obligations.

The remaining 25% of net protocol revenue is set to go to Axiom Management Group, or AMG, a Puerto Rico LLC wholly owned by Chase Herro and Zachary Folkman, two of the co-founders.

Folkman previously had a company called Date Hotter Girls and reportedly helped develop crypto project Dough Finance. Herro worked on Dough and launched another crypto trading business a decade ago called Pacer Capital, which appears to now be defunct.

AMG has agreed to allocate half of its rights to net protocol revenues to a third LLC called WC Digital Fi, which is an affiliate of Trump’s close friend and political donor, Steve Witkoff, as well as to “certain of his family members.” Witkoff’s son, Zachary, is also listed as one of the co-founders of the project.

Folkman previously said just 20% of WLF’s tokens would be allotted to the founding team, which includes the Trump family. The paper spells out the breakdown of anticipated coin allocation, with 35% of total supply allocated to the token sale, 32.5% to community growth and incentives, 30% to initial support allocation, and 2.5% to team and advisors.

The document specifies in the fine print that these “anticipated token distribution amounts are subject to change.” It’s unclear which categories include Trump and his family.

The paper calls Trump the “chief crypto advocate.” His three sons are all “Web3 ambassadors.”

WATCH: Crypto warms up to Kamala Harris

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Hyundai launches new Casper Electric Premium starting at $20K, under $8K with subsidies

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Hyundai launches new Casper Electric Premium starting at K, under K with subsidies

Hyundai’s cheapest EV is now even more affordable in Korea. The Casper Electric gained a new Premium trim starting at $20,000 (27.4 million won). With subsidies, Hyundai expects the new model will be available for as little as $7,300 (10 million won).

After opening pre-orders for the new compact electric SUV in July, starting at just $23,000 (31.5 million won), Hyundai’s Casper Electric is already a hit in its home market.

According to Yonhap News, the Casper Electric secured 8,000 orders in its first two weeks. In its first full sales month, the mini electric SUV was Hyundai’s top-selling EV in Korea.

The Casper Electric accounted for 1,439 of Hyundai’s total 3,676 EVs sold in August. The IONIQ 5 (1,222), IONIQ 6 (405), and Kona Electric trailed behind for the company’s best EV sales month so far in 2024.

In September, the Casper Electric became the best-selling EV in Korea, with 2,075 models sold. Hyundai said the electric SUV is attracting buyers thanks to its “ample driving range” and low price.

Hyundai's-Casper-Electric-trim
Hyundai Casper Electric (Source: Hyundai)

Hyundai’s all-electric Casper is bigger than the gas-powered model and is cheaper to drive with government incentives.

Although previously, it could be purchased for as little as $14,500 (20 million won) with government subsidies, Hyundai’s Casper electric is now even more affordable with a new Premium trim.

Hyundai's-Casper-Electric-trim
Hyundai Casper Electric (Source: Hyundai)

Hyundai’s Casper Electric gains new lower-priced trim

After releasing the new gas-powered Casper in Korea on Thursday, Hyundai introduced a new Premium trim for the electric model.

The Casper Electric Premium is Hyundai’s new base model, starting at just $20,000 (27.4 million won) after tax benefits. With government and local subsidies, Hyundai expects the new model will be available for as little as $7,300 (10 million won).

Hyundai's-Casper-Electric-trim
Hyundai Casper Electric Premium trim (Source: Hyundai)

Powered by a 42 kWh NCM battery from its joint venture with LG Energy Solution, the new base model is rated with up to 173 miles (278 km) driving range in Korea.

A Hyundai Motor official said the new Casper Electric will be the “optimal choice” for buyers. With other trims, the electric SUV is rated with up to 196 miles (315 km) driving range.

Hyundai's-Casper-Electric-trim
Hyundai Casper EV interior (Source: Hyundai)

In Europe, the Casper Electric is known as Inster EV. It’s rated with up to 221 miles (355 km) WLTP driving range and starts at under $27,000 (25,000 euros).

Earlier this week, Hyundai launched the new Inster EV Cross, a rugged twist on the electric city car. Hyundai said the bold new model is built for all your “mini-adventures” and has up to 223 miles (360 km) of driving range.

Hyundai's-Inster-EV-Cross
Hyundai Inster EV Cross (Source: Hyundai)

Is it coming to the US?

Although the Casper Electric (Inster) is not expected to arrive in the US, Hyundai’s massive new Metaplant America in Georgia is now up and running. The first vehicle to roll off the assembly line was the updated 2025 IONIQ 5, featuring more range and an NACS charging port to unlock Tesla’s Supercharger network.

Hyundai-2025-IONIQ-5
2025 Hyundai IONIQ 5 charging at a Tesla Supercharger (Source: Hyundai)

Later this year, Hyundai will introduce its first electric three-row SUV, the IONIQ 9, which will be built alongside the new IONIQ 5 in GA.

Although EVs built at the facility will initially qualify for a partial $3,750 tax credit, Hyundai expects once the battery portion opens, it will unlock the full $7,500 credit for buyers.

Hyundai-three-row-electric-SUV
Hyundai’s three-row IONIQ 9 (SEVEN Concept) electric SUV (Source: Hyundai)

Until then, Hyundai is still passing the $7,500 on through leasing. It also offers 0% APR on the 2024 IONIQ 5 for up to 60 months as it preps for the new updated model.

Starting at $41,800, the 2024 IONIQ 5 is still one of the best EV deals in the US. For $45,850, the SE RWD model offers over 300 miles range. (See IONIQ 5 offers in your area).

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New exclusive Anker C300 DC 90,000mAh power station $148 low, Samsung Bespoke all-in-one washer/dryer $1,000+ off, more

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New exclusive Anker C300 DC 90,000mAh power station 8 low, Samsung Bespoke all-in-one washer/dryer ,000+ off, more

Leading today’s Green Deals is an exclusive discount on Anker’s latest SOLIX C300 DC 90,000mAh/288Wh Portable Power Station that drops costs to a new $148 low price while also giving you some free gear. Next, we spotted Samsung’s AI-supported Bespoke All-in-One Electric Washer & Ventless Heat Pump Dryer starting from its $1,800 Best Buy low, with some additional chances to save. We have two great Greenworks deals – one on the 40V 20-inch Cordless Electric Push Mower that just hit a new $304 Amazon low, with a more advanced combo bundle that gets you a mower, blower, and string trimmer. Bringing up the rear is a one-day-only discount on GoTrax’s Z4 LITE Folding e-bike that has dropped it back to a $600 low. Plus, all the other hangover Green Deals in the links at the bottom of the page, like yesterday’s coverage of the latest sales on Velotric’s e-bikes and NIU’s KQi e-scooters, and more.

Head below for other New Green Deals we’ve found today and, of course, Electrek’s best EV buying and leasing deals. Also, check out the new Electrek Tesla Shop for the best deals on Tesla accessories.

Get an exclusive discount on Anker’s latest SOLIX C300 DC 90,000mAh power station to a new $148 low

We’ve got an exclusive chance for 9to5Toys readers to save more money than before on Anker’s newest SOLIX C300 DC 90,000mAh Portable Power Station while getting some free gear all for $148 shipped, after using the promo code 9TO5PBANK26. Down from a $200 price tag, we’ve already seen a few discounts for this unit since it first hit the market in August, with the biggest of them being its $150 launch price which we just saw repeat for the first time at the tail-end of last month. It’s getting beaten out here today though, as this promotion gives you a slightly bigger 26% markdown that saves you $52 and sets a new all-time low price. Not only does it beat out Anker and Amazon’s current markdowns to $180, but it also comes with a free USB-C charging cable as well as a carrying strap which hasn’t been offered with the station since its early-bird launch special.

Anker’s SOLIX C300 DC power station arrives in a compact 90,000mAh/288Wh unit that easily stores away inside your bag, delivering up to 300W of power output for your more personal devices. This model boasts the first of Anker’s inclusions of boosted recharging speeds that you can take advantage of by using its two bidirectional 140W USB-C ports at the same time for up to 280W speeds. There’s also the bonus option of recharging its battery via a 100W solar panel that refills it in 3.2 hours. You’ll have a solid variety of output connection options with its four USB-C ports (a 15W port, a 100W port, and the two 140W ports), two 12W USB-A ports, and a 120W auxiliary port.

Taking a note from its predecessor, the 60,000mAh PowerCore Reserve, Anker has continued the trend of including an integrated pop-up LED light in the C300 DC power station that provides three different brightness levels that can be used as a camping lantern or emergency light source. While you can monitor and adjust settings through the companion app via a Bluetooth connection to your smartphone, it also provides readouts on its display too.

Anker C300 DC power station

Upgrade and save with Samsung’s AI-supported Bespoke all-in-one electric washer & ventless dryer from $1,800

Best Buy is having a Samsung savings event through October 20 that is cutting costs on a lineup of Samsung devices and appliances to update and upgrade your home life, with the brand’s Bespoke AI 5.3 Cubic-Foot All-in-One Electric Washer & Ventless Heat Pump Dryer down at $1,799.99 shipped. Normally going for $2,800 at Best Buy, with a greater $3,324 price tag direct from Samsung, we saw it fall to its lowest rate back in June when Costco offered a short-lived markdown to $1,600, while Best Buy last saw its $1,800 low during Labor Day sales. It’s returning here today though, offering up $1,000 in savings while also offering $50 rewards for My Best Buy Plus and Total members. Bargain hunters can also save an additional $278 when buying this model in excellent open-box condition.

One thing to note before we dive into its capabilities is that Samsung has this washer & dryer currently marked down to $1,999 shipped, with its open-box option being slightly higher than Best Buy’s at $1,599 (click the “add” box to the side), which does balance out the differences in cost with a few added benefits with either purchase. First, you’ll get two years of Samsung Care+ for just $1 over its usual $149 price on top of getting free installation too.

This ENERGY STAR-certified all-in-one washer & dryer arrives AI-supported for less time consuming and easier managed laundry routines that you don’t have to babysit. The AI programming in this model lets the unit detect different fabric types and adjust its own settings in response to their soil levels. Its detergent tank has been given a larger capacity than we often see in these appliances, holding up to 47 loads worth of detergent before needing a refill – plus, its Flex One compartment takes the convenience to the next level as it can be split between 25 loads of detergent and 34 loads of softener.

As is the case with models in the green category, we cannot gloss over the biggest design feature here: its ventless heat pump design. Not only does it allow you to rethink its placement in your home (as it doesn’t need to go where the one vent is located like standard models and plugs into a standard wall outlet), but its dual-inverter heat pump tech also significantly increases energy efficiency while working in conjunction with the AI system to calculate and predict your electricity costs to “reduce energy usage by up to 19%.” It’s also been given self-cleaning and self-drying tech to keep laundry coming out fresh, smart controls via the SmartThings app (as well as hands-free voice controls too), the EPA’s seal of approval, and much more. Head below to learn about the rest of what this appliance can bring to your home.

Be sure to check out the entire lineup of Samsung appliances and devices that are benefitting from Best Buy’s sale, like tablets, TVs, PCs, laptops, monitors, and more that we covered when it first launched. You can also check out the direct offers from Samsung here.

40V 20-inch cordless electric push mower

This reliable Greenworks 40V 20-inch cordless electric push mower saves you $96 at new $304 Amazon low

The colder months may be setting in on us, but lawns still need to be kept up and deals can often be better in these fall and winter months. Amazon is following this line of thinking as it offers the Greenworks 40V 20-inch Cordless Electric Push Mower for $303.98 shipped. Usually goes for $400, which isn’t too bad of a starting price for an electric mower (compared to some of the bigger high-end models). We’ve seen a few discounts over 2024 that bring costs down even lower, most repeating the same drop to the former $320 Amazon low, but today those rates are beaten out by this even greater 24% markdown that takes $96 off the price tag and lands it at a new Amazon low.

Powered by the included 4.0Ah battery, this Greenworks mower’s 40V brushless motor delivers a nice uniform cut for yards up to 1/3 acre in size after one round of charging. Everything is housed within a 20-inch steel deck crowned by LED headlights for those early morning and late evening jobs, while the folding handles “saves 70% more space in seconds with vertical storage.” There are seven different cutting height levels to choose from here, as well as a 4-in-1 design that does the usual mulching, side discharging, or rear-bagging for your grass clippings on top of a turbo leaf pickup setting for a bit more versatile use. Of course, you’ll never have to struggle with a pull string here either, as it has been given a convenient push-button start to compliment its electric functionality.

For folks looking to expand their lawn care arsenal beyond just a mower, Amazon is also currently offering a Greenworks bundle of an 80V 21-inch Self-Propelled Cordless Electric Lawn Mower, an Axial Leaf Blower, and a 16-inch String Trimmer at its lowest price of $630, down from $900. You’re getting a more advanced mower here that offers most of the same features as the above model, trading its turbo leaf pickup for an improved self-propulsion system alongside a greater runtime that can tackle yards up to 1/2 an acre. There’s also the Axial leaf blower that hits 580 CFM for yard-clearing power with a turbo mode and even cruise control locks, as well as the attachment-capable string trimmer with a bump feed head, variable speed control, and a load n’ go spool for faster and easier re-spooling.

Anker C300 DC power station

GoTrax’s entry-level Z4 LITE folding e-bike offers reliable first-time commuter at its $600 low for today only

Courtesy of its Deals of the Day, Best Buy is offering the GoTrax Z4 LITE Folding e-bike for $599.99 shipped for the rest of the day. Normally priced at $900, we’ve seen it listed at higher rates between $900 and $1,100 from other third-party retailers. We’ve seen a few of these one-day discounts drop costs on this entry-level model, first to $650 at the start of summer, and then some repeated falls to $600 in July and August. After a lull on price cuts until now, this is a chance to save yourself $300 while also grabbing this commuting solution at the lowest price we have tracked.

The GoTrax Z4 LITE e-bike makes a great first-time choice for riders looking to enter the e-bike world without dropping serious cash right away, delivering 20 MPH top speeds and an impressive traveling distance of up to 40 miles on a single charge (25 miles when you only use the throttle). The triple-folding frame design houses the 350W motor and the removable 48V battery while providing easier storage and transport options when not in use. It also comes along with 20-inch fat tires, dual front and rear braking, an integrated headlight and taillight that provides brake light functionality, a rear cargo rack, a kickstand, and a digital display.

Fall e-bike deals!

Anker C300 DC power station

Best new Green Deals landing this week

The savings this week are also continuing to a collection of other markdowns. To the same tune as the offers above, these all help you take a more energy-conscious approach to your routine. Winter means you can lock in even better off-season price cuts on electric tools for the lawn while saving on EVs and tons of other gear.

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