Lucid Motors is setting its sights on the midsize EV market, with CEO Marc Winterhoff confirming the company plans to launch three new models beginning in late 2026. The announcement was made in a recent discussion with Autoblog, marking the first time Lucid has detailed its next wave of products beyond the Gravity SUV. The […]
Lucid Motors has officially set a new Guinness World Records title for the longest distance traveled by an electric vehicle (EV) on a single charge — and it wasn’t even in a specially modified car. The milestone was achieved by Umit Sabanci, a London-based entrepreneur known for setting and breaking Guinness World Records, in a […]
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 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 […]
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 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 […]
Lucid Group has announced its second quarter financial results for 2023, highlighting an increasing net loss alongside promising growth indicators. Despite the escalating losses, Lucid maintains its annual production guidance of more than 10,000 vehicles for 2023. The company announced a revenue of $150.9 million, attributed to the delivery of 1,404 vehicles. However, the company’s […]
Lucid Motors has dropped pricing and financing options for its Lucid Air models. As part of the Pure Summer Event for August, the electric vehicle manufacturer has announced some price reductions across its range, ahead of its upcoming earnings release on Monday, August 7, 2023. The Lucid Air Pure AWD, originally priced at $87,000, has […]
Lucid Group, Inc. has officially declared the start of a public offering of 173,544,948 shares of its common stock today, May 31, 2023. This move by Lucid Group is set to raise around $3.0 billion in gross proceeds. BofA Securities, Inc. will serve as the book-running manager for this offering. The shares will be available […]
Lucid Group has announced that their upcoming Lucid Gravity electric SUV is advancing to its latest phase of development and testing. Building on the success of the Lucid Air, the Gravity SUV is now undergoing public road tests across the U.S. “I am excited to see the Gravity SUV moving forward so quickly in its […]
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 […]
