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 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 […]
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 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 […]
Lucid Motors announced its Q3 2022 production numbers on Wednesday, saying it produced 2,282 electric vehicles, which is “more than triple Q2 production,” at its factory in Arizona, while delivering 1,398 cars in Q3. According to the company, these production numbers are in line with company expectations. Lucid says it is on track to produce […]
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 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 […]
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 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, […]
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 […]
