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Lucid Air base sedan targets Tesla Model S, with 406-mile range for $77,400

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Lucid is going after the Tesla Model S with its base-model Air sedan, which will pack 406 miles of range on a single charge, with a starting price of $77,400 (or $69,900 after the $7,500 federal tax credit). With this announcement, Lucid’s four initial models are locked in, offering total range between 406 and 517 miles and power output from 480 horses to 1,080. The base model will take the fight to Tesla’s 402-mile, $72,000 Model S sedan.

When Lucid debuted its production-spec sedan back in September, it lead with its heavy hitters. But just because you can serve caviar doesn’t mean you don’t need bread and butter. The Lucid Dream, which is the marquee launch model, packs a 1,080-horsepower, dual-motor powertrain that will propel the 500-mile electric car to 60 MPH in under 2.5 seconds as it makes its way through the quarter-mile in

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