Shares of Lucid Group are down roughly 10% in midday trading Thursday, slipping to $6.22 from a prior close of $6.91, putting the struggling EV maker's market capitalization at roughly $2.31 billion.
For customers that have bought FSD, what we're offering is essentially a discounted trade-in for cars that have AI4 hardware. We'll also be offering the ability to upgrade the car to replace the computer.
Reliability is broadly defined by how often your car experiences unscheduled failures or malfunctions. A car that is more likely to experience failures is considered unreliable, whereas one that can go for 150,000 miles with nothing but regular maintenance would be considered reliable.