Video Summary
The Lucid Air Grand Touring is the worst car purchase to date.It will lose more money than all of the owners’ other bad car buys combined.
Used prices are down nearly 50% already.
They got an early reservation pricing and tax incentive for about $133k.
A comparable car in the used market is being listed at $64,984.
Based on these comparables, the car has depreciated by approximately $70,000 in under two years of ownership.
Even though it's one of their favorite cars to drive, the reviewers cannot recoup the financial hit.
Lucid brand is relatively unknown so, it is difficult to rent out.
Its new prices have come down, causing drastic used values.
The Lucid has quality interior, a smooth ride, a massage feature, and no start-stop button.
It has 469 miles of range, three screens, great fit and finish and is a great car overall.
However, the charging connector is unreliable.
Despite the loss, a purchase of the Lucid allowed them to test and showcase a vortex CCS1 adapter, which allowed them to use Tesla Superchargers for non-Tesla vehicles.
While it is a great car, management, marketing, and/or sales struggles may threaten the company's survival.
