The F-150 Lightning competition is the ICE F-150, not the Cybertruck. This is a problem for Ford because the ICE F-150 is much more profitable, so even if they had enough batteries for a high number of Lightnings, which they don't, they'd be cutting their own throat in selling them.
The Air looks like a fantastic luxury EV. Their direct competition is the Mercedes S class according to Rawlinson (Lucid's CEO) so it isn't a competitor of Tesla at this point. This should get luxury buyers to start looking seriously at BEVs which is a good thing.