Luxury electric vehicle startup Lucid Motors plans to lay off hundreds of employees, affecting approximately 18% of the company, according to an internal memo and five anonymous sources reported by Business Insider. The announcement was made during an all-hands meeting by CEO Peter Rawlinson. With around 7,200 employees globally at the end of 2022, this […]
According to a recent National Highway Traffic Safety Administration (NHTSA) recall notice, Lucid USA, Inc. has issued a recall for 637 of its 2022-2023 Lucid Air vehicles due to a potential issue with contactors. These electrically activated switches are responsible for transferring energy to and from the drive units during vehicle startup and shutdown. In […]
Lucid Motors announced on Thursday that Apple CarPlay is now standard on every Lucid Air sedan, along with Android Auto. Apple CarPlay® is standard on every #LucidAir. pic.twitter.com/Daw0zDlne4 — Lucid Motors (@LucidMotors) March 23, 2023 Apple CarPlay is an in-car infotainment system that allows iPhone users to access and use various apps and features from […]
Electric vehicle (EV) startup automaker Lucid Motors held its fourth-quarter earnings call on Wednesday, in which its reported revenue failed to meet its own expectations for 2022, as reported by CNBC. The automaker finished the year with roughly $4.4 billion in cash, and around $500 million available through lines of credit which it expects to […]
Lucid Group announced plans on Thursday to offer a $7,500 credit for purchasing some vehicle variants of its flagship Air electric sedan, according to a report from Reuters. The credit is effective beginning on Thursday, and it applies to all Lucid Air Tour and Grand Touring purchases between now and March 31. Despite the discount, […]
Lucid Motors saw its stock price jump by as much as 98% on Friday, closing at $12.87 per share (up 43%), as rumors of Saudi Arabia’s Public Investment Fund (PIF) considering a full takeover of the luxury electric automaker made the rounds — reports the Silicon Valley Business Journal. The news represents a breath of […]
Electric vehicles (EVs) are continually becoming more popular, and despite concerns over a recession, one automaker actually managed to outproduce its own revised forecast. Luxury EV startup Lucid Motors produced 7,180 vehicles in 2022, with 3,493 in the fourth quarter of the year alone, according to a press release shared on Thursday. The full-year figure […]
After Lucid Motors announced plans to raise additional funding in August, the startup electric vehicle (EV) maker has officially raised more money, primarily through one large sale of shares. Lucid said on Monday that it has raised $1.5 billion in a planned equity offering, with around $915 million coming from a private sale of around […]
Image: Lucid Motors Hagerty shared a stunning video on Thursday pitting the world’s quickest cars against each other in a drag race, featuring the Tesla Model S Plaid, the Bugatti Chiron Pur Sport, the Lucid Air Sapphire, and as a bonus, a Ducati Panigale V4 SP2 motorcycle. The video’s host, Jason Cammisa, talks through the […]
Panasonic is shifting gears to start supplying hardware to automakers other than just Tesla, with a new company set to receive the manufacturer’s batteries. Tesla supplier Panasonic will now also supply rival automaker Lucid Group with electric vehicle (EV) batteries, according to a statement on Tuesday from the electronics manufacturer (via Reuters). “Partnerships with technology-leading […]
Lucid Motors launched the Gravity electric SUV in a press release and launch event held on Tuesday. The automaker is set to open reservations for the electric SUV in 2023, with deliveries slated for 2024. The Gravity SUV is currently undergoing its final vehicle design and spec confirmation at the Lucid AMP-1 factory in Casa […]
Lucid is set to begin delivering its Touring and Pure models for the luxury electric Air sedan, as reported in a press release on Tuesday. The Lucid Air Touring features a more affordable, mid-range option than the Air Grand Touring trim, the latter of which began deliveries in April. The Air Touring starts at $107,400 […]
Lucid Motors is teasing the upcoming Gravity SUV ahead of its launch event, set for 10 a.m. pacific time on Tuesday according to a tweet from the company. The launch event can be accessed on the company’s Dream Ahead site, though users navigating to the page without early registration will need to wait until the […]
Lucid Motors announced its Q3 earnings on Tuesday, noting it saw $195.5 million in revenue but suffered a net loss of $530 million. As for quarterly production, Lucid said it made a record 2,282 cars, a number that’s three times the previous quarter. The company delivered 1,398 cars in Q3. Lucid said it’s still on […]
Lucid Motors is set to hold a launch event on November 15, according to a teaser shared on Twitter on Thursday. “There’s something in the Air — and beyond. Join us for a global Lucid Launch Event where we’ll unveil the full #LucidAir family to the world, and provide a peek at our next force […]
