Electricity-based vehicles are becoming the most famous phenomenon all across the world as they do not just happen to be very cost-effective but also safe fuel as part of their sustainability aspect.
A very prominent name in the market of electric vehicles is Tesla, and recently another very famous company has entered to compete in the same market named lucid motors.
Owing to the competition that exists between these two, it becomes important to differentiate between these two companies.
Key Takeaways
- Tesla is an established electric vehicle (EV) manufacturer known for its innovative technology, extensive charging network, and recognizable brand. At the same time, Lucid is an emerging EV competitor focused on luxury and performance.
- Lucid aims to challenge Tesla’s market dominance by offering vehicles with a competitive range, power, and luxury features.
- Both companies contribute to advancing electric vehicle technology and shifting toward sustainable transportation, each appealing to different market segments and consumer preferences.
Tesla vs Lucid
Tesla has a well-established software and technology ecosystem with advanced features such as Autopilot, and an advanced driver assistance system. Lucid is a new generation focused on developing its own advanced technology, including a proprietary electric drivetrain and battery system.
Established in the year 2003, Tesla has been one of the biggest names when it comes to companies that have been making some changes in the market of automobiles.
The company has not just focused on its vision of creating clean energy but has also emphasized upon creation of an automobile network that is not just sustainable but cost-effective also.
But on the other hand, lucid motors has just announced its launch in the market of electric vehicles as the company basically started being a battery manufacturing company.
Having its commitment towards producing electricity-based products, the company has recently penetrated the market of vehicles, and it is being estimated to have a very drastic growth in the upcoming years in the relevant market.
Comparison Table
| Parameters of Comparison | Tesla | Lucid |
|---|---|---|
| Definition | Tesla is a very popular vehicle manufacturing company operating in the consumer market for the past 20 years. | The term defines another automobile company producing electric cars that have recently emerged into the market. |
| Parent company | Tesla is basically an electric car manufactured by a company based in Texas. | The parent company of this particular product is known as lucid group incorporated which is based in California. |
| Launched in | This particular company was established in that year 2003. | The company was launched in the year 2007. |
| Products launched | Model X, Model s and Model 3, etc. are some of the products launched by the company | The most famous product of the company is known with the name lucid air. |
| Own infrastructure | The company provides charging stations of its own to the users. | To date, the company does not have any such network of charging stations belonging to it. |
| Bi-directional charging | There is no provision of bi-directional charging offered by the company | Bi-directional charging is one of the premium characteristics offered by the company. |
What is Tesla?
Tesla, formerly known as Tesla Motors incorporated, is one of the most well-known names in the market for alternative fuel vehicles and other similar vehicles.
The corporation has been around for roughly two decades and has earned a uniqueness for itself.
The business, which also is based in Texas, is a household name when it comes to electric vehicles and hybrid electric devices.
In the age of fuel-powered vehicles, the company came up with the concept of delivering speed to the vehicles via the use of electricity, which can be generated continually using technological advancements,
and this is what distinguished the company apart from all of its biggest rivals, especially General Motors.
The most fascinating feature about this particular company and its products is that it not just provides electric vehicles to the users but also delivers a complete infrastructure of its own charging station
that can be not just accessed but also utilized by its consumers.
However, the company is still lagging behind in the field of bi-directional charging as compared to other rival companies in the market.
What is Lucid?
Established in the year 2007, lucid motors were basically started as a company that used to manufacture battery under a different name but gradually, as the demand increased for electric vehicles,
not just the name but also the ideology of the company changed.
For the past two years, the company has been aspiring to penetrate the market of electric vehicles with its revolutionary products, such as a mesmerizing car known as lucid air.
In the year 2016, this particular shifting of vision took place, and the company formerly announced all across the world that it is soon going to be a luxury brand in terms of electric vehicles.
The very first product of the company was launched in the year 2021, and since then, it has performed really well in the consumer market for a newly established company.
A very distinguished feature of this particular company is that it provides bidirectional charging in its cars that makes it stand out from companies like Tesla etc.
However, the company is yet to penetrate into the market deeply and make a huge name for itself in terms of electric vehicles.
Main Differences Between Tesla and Lucid
- Tesla is a very popular company making electric vehicles accessible to users all across the globe while on the other hand, Lucid is a very new company that has just entered the market of electric vehicles
- Tesla was established in the year 2003, while on the other hand, Lucid was established in the year 2007.
- Tesla provides its users its own infrastructure of charging stations, while on the other hand, Lucid does not have any such infrastructure yet.
- Tesla belongs to the company known as Tesla Motors incorporated, while on the other hand, Lucid it’s basically a product of lucid group incorporated.
- Tesla does not have any provision for bidirectional charging, while on the other hand, Lucid provides certain features of bidirectional charging.
- Tesla is a very famous and already established company in the consumer market, while on the other hand, Lucid has just entered into the market with its new product known as lucid air.
References
- https://www.airtro.com/wp-content/uploads/2019/09/Variable-Speed-HVAC-White-Paper.pdf
- https://www.flashmemorysummit.com/English/Collaterals/Proceedings/2017/20170808_FT12_Heinrich.pdf
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