Here’s How Lucid Motors Will Neutralize Tesla’s Supercharger Advantage

Lucid Motors, a Silicon Valley start-up that is gearing up to launch an advanced electric luxury car, said that it has struck a preliminary deal with Electrify America to provide its future customers with a nationwide recharging plan.

A close-up of the "LUCID" logo on the front of an office building.

This is an important deal. Tesla’s  Supercharger network has given it a big advantage in winning buyers away from internal-combustion alternatives. Any company looking to challenge Tesla will be at a disadvantage unless it can also provide its buyers with assurance that they’ll be able to access high-speed chargers on road trips.

Lucid isn’t yet public, but it just won a $1 billion investment from Saudi Arabia’s sovereign wealth fund, enough to get its first vehicle into production. That investment put Lucid on a lot of investors’ radar screens. If you’re one of those investors, here’s what you need to know about this deal.

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