Lucid CEO Peter Rawlinson recently asserted that Lucid has surpassed Tesla in electric vehicle technology, stating that Lucid is now the tech leader in the industry. “If we look back in time, 10, 15 years ago, Tesla was the tech leader. I think there’s a degree of distraction now, and I think that Lucid has […]
Lucid Motors has reported a substantial net loss of $685 million in the first quarter of 2024, despite a slight improvement from the $780 million loss recorded in the same quarter of the previous year. The company’s stock reacted negatively, dropping 7.5 percent to $2.82 per share in after-hours trading on Monday. Despite the financial […]
Lucid has revealed its production and delivery figures for the first quarter ended March 31, 2024. The company announced it produced 1,728 vehicles and achieved deliveries of 1,967 vehicles during the quarter. This deliveries number beats Wall Street estimates and is far lower than the 2021 SPAC presentation where it said it was forecasted to […]
Lucid Group announced a significant financial boost today, revealing an agreement with Ayar Third Investment Company, an affiliate of the Public Investment Fund (PIF), for a $1 billion investment. This investment will come in the form of newly created series of convertible preferred stock through a private placement, contingent on customary closing conditions. The infusion […]
Lucid Group, which set ambitious targets at its public debut, reported vehicle deliveries and revenues significantly below its initial forecasts for 2023. The company had informed investors of a goal to sell 49,000 cars in the year; however, it only sold 6,001 vehicles, marking a substantial 90% shortfall from the anticipated figure. Similarly, Lucid had […]
Lucid Group has announced the launch of RangeXchange, a novel vehicle-to-vehicle (V2V) charging adapter. This technology allows Lucid Air owners to charge other electric vehicles directly, leveraging the bi-directional charging capability and proprietary software embedded in every Lucid Air. A photo was shared showing a Lucid Air charging a Tesla Model S, with the charging […]
Lucid Group has announced its third-quarter financial results, with revenues reaching $137.8 million, attributed to the delivery of 1,457 vehicles, below Wall Street expectations of over 2,275 cars delivered and $177 million revenue. The company has begun production of the Lucid Air Pure RWD and Lucid Air Sapphire, completing its Lucid Air series. Amidst these […]
Lucid Group has announced a significant update to its charging infrastructure strategy, revealing that Lucid electric vehicles (EVs) equipped with the Combined Charging System (CCS) will gain access to over 15,000 Tesla Supercharger stations across North America starting in 2025. This development comes as Lucid prepares to incorporate Tesla’s North American Charging Standard (NACS) into […]
A recent job posting by Lucid Motors on LinkedIn suggests the electric vehicle (EV) startup is planning to expand its in-car infotainment offerings. The role of Senior Product Manager, Media Partner Management, lists among its key responsibilities working with Apple Music, Amazon Music, and other “media app partners.” Lucid Motors, which currently has one flagship […]
Lucid USA has issued a safety recall affecting 1,267 of its 2022-2023 Lucid Air vehicles, according to a Part 573 Safety Recall Report submitted on October 19, 2023. The recall is designated under the numbers 23V-708 and SR-23-05-0. The affected vehicles are operating on software versions between 2.1.0 and 2.1.20. A software change in version […]
Lucid Motors has launched a new referral program aimed at rewarding its most loyal customers it says. The program allows current Lucid owners to refer new buyers, with both parties receiving various incentives and rewards based on the model purchased. Owners can log into their portal to share a referral link, which new buyers can […]
Luxury electric vehicle manufacturer Lucid Group reported on Tuesday that it delivered 1,457 of its Air sedans in the third quarter of 2023. The number falls short of the approximately 2,000 vehicles analysts polled by FactSet had expected the company to deliver for the period. Shares of Lucid Group are currently down 4.5% on Tuesday. […]
Lucid Motors started first deliveries of its new Lucid Air Sapphire electric sedan on Monday, a performance version that rivals Tesla’s Model S Plaid. Car reviewer Doug DeMuro got his hands on the new Lucid Air Sapphire and showed off details and the driving experience of the new EV, which costs a cool $250,000 USD […]
Lucid Group has opened Saudi Arabia’s first-ever car manufacturing facility, marking a significant milestone in the country’s industrial landscape. Located in King Abdullah Economic City (KAEC), Jeddah, the Advanced Manufacturing Plant (AMP-2) is Lucid’s first international facility and second overall. It will produce the Lucid Air, the company’s award-winning electric vehicle (EV). The plant has […]
Lucid Motors CEO Peter Rawlinson, once an engineer for Tesla, is looking to push the boundaries of the electric vehicle (EV) market. Drawing from his rich experience with Tesla, Rawlinson is now steering Lucid to tackle two of the most pressing concerns in the EV world: range anxiety and affordability. As the brains behind the […]
