The Dream Edition is a $169,000 special edition of its flagship sedan, with an industry-leading range of up to 520 miles, according to the EPA. Lucid told investors in July that it expects to produce 20,000 Lucid Air sedans in 2022, generating more than $2.2 billion in revenue, according to an investor presentation.
In total, Lucid has said it plans to deliver 520 customer-configured Lucid Air Dream Editions, followed by production of lower-priced models. It marks the first time that the initial product from a new automotive company has received the award, according to the publication. The all-electric Air sedan on Monday was named MotorTrend's car of the year, a coveted award in the automotive industry. Rawlinson echoed those remarks: "I think what is happening in our stock value reflects our status as a tech company more than a car company." "The run up that we've had, where it is today and also the growth trajectory, frankly, that's in front of us. I see that we're being regarded as a technology company with a platform that's extensible across lots of vehicle variants and sustainable tech." "I feel great about our stock price," House told CNBC during a phone interview. The largest daily increase of 31% occurred late last month when the company confirmed customer deliveries of the Lucid Air Dream Edition were beginning. Shares of Lucid are up by more than 80% since the company went public through a reverse merger with Churchill in July.
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