EV maker Lucid slashes prices of Air sedan

SAN FRANCISCO, Aug 06 (Reuters): Electric vehicle maker Lucid cut prices of its Air luxury sedans by as much as $12,400 as part of an offer, it said on Saturday, amid rising competition in the US EV industry and a price war sparked by Tesla.
Lucid reduced the price of the Air Pure by $5,000 to $82,400 from $87,400, and cut prices of the more powerful Touring and Grand Touring versions by $12,400 to $95,000 and $125,600, adding that the offer would be valid as long as supplies last.
A spokesperson for Lucid said the company was unable to provide details on how much stock will be part of this offer.
Tesla's Model S and its performance version Model S Plaid - direct competitors with the Air - are priced at $88,490 and $108,490 down from $104,990 and $135,990 at the beginning of the year.