Lucid Motors Vs. Tesla: CEO’s Plans That Could Beat Elon Musk—Better EV Than Model S, Largest SPAC Deal, and More!

Lucid Motors is now giving Tesla a run for their money. This simply goes to show how badly the CEO of the world’s largest manufacturer wants to beat Elon Musk’s EV technology. However, the company still has a long way to go before it can overtake Tesla as the leading manufacturer of electric vehicles.

Lucid Motors Vs. Tesla: CEO's Plans That Could Beat Elon Musk—Better EV Than Model S, Largest SPAC Deal, and More!

Despite this, Lucid Motors demonstrates that it is one of the few automakers that keeps its promises. The company can compete with Rivian and other large automakers thanks to the leadership of Peter Rawlinson, the CEO of the California-based car developer.

Here are some of Tesla’s rising competitors’ accomplishments to give you a better picture.

Lucid Motors’ Successes

According to the most recent Business Insider story, Lucid Motors accomplished several things that Tesla did not. These are some examples:

Lucid Motors Vs. Tesla: CEO's Plans That Could Beat Elon Musk—Better EV Than Model S, Largest SPAC Deal, and More!
(Photo : Photo by PATRICK T. FALLON/AFP via Getty Images) A model of the Lucid MultiCore Boost Charger for an electric luxury car is displayed at the Lucid Motors Inc. studio and service center on February 25, 2021 in Beverly Hills, California. – The California-based electric vehicle company announced this month that it plans to go public via a merger with a company that values it at $24 billion, with the pure-electric luxury sedan Lucid Air launching in 2021.
Nothing Lucid About a $57 Billion Valuation for an Electric-Vehicle Startup  - WSJ
  • Lucid Air is one of the company’s biggest achievements because it was able to outperform Elon Musk’s most sophisticated electric automobile at the time, the Model S. When Air was revealed, the firm claimed that it had 115 miles more range and a faster acceleration speed than its opponent.
  • Another achievement made possible by Lucid Motors is the largest SPAC deal in the EV sector. It was able to do so after combining with Churchill Capital IV, resulting in a $4.5 billion fund.
  • Another factor that makes Lucid Motors a strong contender is its capacity to quickly respond to big internal and industry issues.

However, Tesla continues to make significant efforts to maintain its position as the market’s leading American EV manufacturer. These include the Tesla FSD Beta and the launch of updated Model X electric vehicles.

Tesla Having Some Issues

Despite the fact that Elon Musk’s EV company is still the greatest electric car manufacturer in the world, they are still being chastised for a number of faults.

Tesla Motors Tumbles In Key Trust Measure

One of these is the car crash problem, according to Driving CA. According to the National Transportation Safety Board, the recently reported accidents involving Tesla drivers revealed that the majority of them abandon the driver’s seat and occupy the passenger area, implying that they were using the sophisticated FSD prior to the crashes.