Lucid Motors has announced its first vehicle, the Air, will launch with a rather aggressive base price of $60,000 USD in the U.S. market, undercutting Tesla’s Model S price tag by a stout $8,000 margin, reports Electrek.

Not only will the Air offer EV buyers a lower entry price, but the cheapest model on offer will also best Tesla’s least expensive Model S in terms of outright range; the new Air is said to achieve 386 kilometers on a single charge, while the Model S 60 D, which Tesla is discontinuing next month, can only travel up to 350 kilometers before recharging.

For $60,000 USD before government tax credits, buyers will receive a well-appointed base model Air set to include features such as 12-way power front seats, LED headlights, 19-inch wheels, a 10-speaker audio system and an aluminum roof to lower the car’s overall weight and centre of gravity.

Much like Tesla, Lucid Motors will push over-the-air software updates to private vehicle owners.

Also following Tesla’s precedent, all Airs will be equipped with the hardware required for full autonomous driving, though that functionality will come at an additional cost, and only once the technology is proven ready for public consumption.