Lucid Group

Lucid Motors, Nikola Seek Additional Funding to Ramp Up Production

Electric vehicle (EV) manufacturers Lucid Motors and Nikola are seeking additional funding to help ramp up production, amidst increasing battery costs and new federal requirements set to limit buyers’ incentives. On Monday, Lucid filed a shelf registration to issue as much as $8 billion in new stock over the next three years, as detailed in […]

Lucid Motors Appoints Ex-Apple Engineer to VP of Platform Software Engineering

Lucid Motors has appointed Derrick Carty as its new Vice President of Platform Software Engineering, as detailed in a press release shared on Thursday. Carty will primarily focus on software updates, ranging from features like ADAS’s embedded platform, audio architecture, hardware and systems architecture and much more. Lucid’s Senior Vice President of Digital Michael Bell […]

First Look: Lucid Air Sapphire Goes 0-60 in Under 2 Seconds, Costs $249,000 USD [VIDEO]

Lucid Motors has announced the Lucid Air Sapphire, calling it the “world’s first luxury electric super-sports sedan.” It comes with a new exclusive Sapphire Blue paint color. The Sapphire has three motors, carbon-ceramic brakes, an aerodynamic package, new sport seats, and track-tuned suspension “for a sublime driver-focused sporting experience,” says the company on Friday. As […]

Lucid Air ‘Stealth Look’ Option Priced at $6,000 USD [PICS]

Lucid Motors introduced a new Stealth variant of the Air electric vehicle (EV) as detailed in a press release shared by the automaker on Monday. The new exterior design includes what the automaker calls a “slightly more sinister personality,” featuring a combination of black and dark gray elements from trim to paint. In a statement, […]

Lucid Delivers Just 679 Cars in Q2, Cuts Production Forecast

Lucid Group today announced its financial results for the second quarter of 2022 ended June 30. The electric vehicle (EV) maker reported a total of 679 customer deliveries for Q2, with total revenue of $97.3 million USD. That’s less than Peter Rawlinson, the company’s CEO and CTO, bagged as his performance bonus for 2021. While Lucid’s […]

Lucid Launches Lease and Financing Options with Bank of America

As electric vehicle (EV) startup Lucid Motors continues to expand its reach in a burgeoning market, the company has now unveiled an important set of payment options that could increase deliveries in the years to come. Lucid Motors has unveiled its Lucid Financial Services program, a set of financing options shared in partnership with Bank […]

Lucid Motors Starts Delivering Cars in Canada

Lucid Motors announced on Monday it has started deliveries of its Lucid Air electric sedan in Canada. “Now delivering Dreams to our friends in Canada. Welcome to the #LucidOwnersClub. #DreamAhead”, said the automaker, including a short video of one of its Lucid Air sedans backing out of a trailer, accompanied by the background music of […]

Lucid Delivers 360 Cars in Q1, Increases Prices After $598 Million Loss

Lucid Group today announced its financial results for the first quarter of 2022 ended March 31. The electric vehicle (EV) startup reported a total of 360 customer deliveries for Q1, with total revenue of $57.7 million USD. In comparison, electric truck startup Rivian delivered 1,227 vehicles during the same period, while Chinese EV maker NIO […]

Lucid Motors Shares Rare Look into its Design Studio [VIDEO]

Lucid Motors has shared a short video offering what it says is a rare look into its private Design Studio in Newark, California. The video features Senior Vice President of Design and Brand, Derek Jenkins, sharing the company’s vision with CEO Peter Rawlinson. The Design Studio is a building inside a building, with an open […]

Lucid Motors CEO Takes Home $263 Million Performance Bonus

Lucid Group CEO Peter Rawlinson bagged a whopping $263 million USD worth of performance-based stock awards last year as a result of a brief summit in the company’s share price — reports Automotive News. In March 2021, Lucid’s board of directors awarded Rawlinson approximately 13.8 million time-based stock units that vest over four years from […]

Lucid Air Grand Touring ‘P’ Teaser Says Announcement Coming April 12

Lucid Motors on Monday teased it will announce news on Tuesday, April 12, about its upcoming Lucid Air Grand Touring ‘P’. “Find out the numbers behind the letter tomorrow,” said Lucid Motors, noting the announcement would take place at 6am PT/9am ET on Tuesday. According to Lucid Motors’ Jeff Curry, the company’s Vice President of […]

2022 Lucid Air Dream Nabs Top Luxury EV Pick by Cars.com

The launch variant of the Lucid Air, the Dream Edition, was delivered at a special event last year, and despite only having a small number of electric vehicles (EV) on the road, the sedan is making headlines. @Cars.com shared a post naming the 2022 Lucid Air Dream Edition its Top Pick for a luxury EV […]