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 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 Group has unveiled the final specs for its Lucid Air Sapphire luxury super-sports sedan. This EV boasts a blistering 0-60 mph in just 1.89 seconds and a top speed of 205 mph. The Air Sapphire is not just about speed. It’s a blend of cutting-edge technology and refined design. The vehicle is powered by […]
Lucid Group announced on Wednesday that it had delivered a total of 1,404 units of its flagship model, the Air luxury sedan, during the second quarter of 2023. This figure falls short of Wall Street analysts’ estimate of about 2,000 deliveries, according to data gathered by FactSet, leading to an over 11% drop in the […]
Peter Rawlinson, CEO of electric vehicle maker Lucid Group Inc., has raised questions about the rush of automakers moving to adopt Tesla’s charging standards. This discussion follows decisions by General Motors Co. and Ford Motor Co. to transition to what Tesla has recently termed the North American Charging Standard, or NACS. Despite his skepticism, Rawlinson, […]
British luxury automaker Aston Martin has announced a strategic supply agreement with Lucid Group on Monday. The partnership aims to develop a range of ultra-luxury high-performance electric vehicles, marking a significant step in Aston Martin’s electrification strategy. The agreement will see Lucid Group supply Aston Martin with advanced electric powertrains and battery systems. These technologies […]
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 […]
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 […]
The Tesla Owners Silicon Valley has shared part two of their exclusive interview with Elon Musk. The hour-long interview covers a range of topics, yet again. “This is the second segment of a three-part series in which our club President John, Club Vice President Kelvin Gee, Tesla Owners Club My Tesla Adventure President Eli Burton, […]
Lucid Air General Assembly Lucid Group has announced it has started vehicle production at its Casa Grande factory in Arizona, as part of the company’s Lucid Production Preview Week, which kicked off today, with customers, media and policymakers, including Arizona Governor Doug Ducey, in attendance. The first Lucid Air electric vehicle for customers were driven off […]
The Lucid Air Dream Edition Range received a preliminary EPA rating of 520 miles of range on Wednesday, marking the first electric vehicle (EV) to be rated over 500 miles by the EPA, according to the company in an emailed statement. Along with the dream Edition Range, the Dream Edition Performance and Grand Touring variants […]
Electric cars, trucks, vans, and buses have become a reality in the United States, but not every region has made it easy. Rivaling electric vehicle (EV) companies Rivian, Tesla, and Lucid, among others like Lordstown Motors, have teamed up in an infant EV market against direct sales laws throughout the US, as reported by TechCrunch. […]
According to Arab News, Lucid Motors is currently looking at possible locations for a retail outlet in Saudi Arabia — the home country of one of the automaker’s biggest shareholders, the Public Investment Fund (PIF). Lucid Motors, the EV carmaker, part-owned by Saudi Arabia’s (PIF), is scouting out locations for retail sales outlets in the Kingdom, […]
Tuesday, Michigan legislators are expected to vote on a proposed bill that would make Tesla the exclusive electric vehicle dealers in Michigan, as reported by Yahoo Finance. This would mean newer EV companies like Amazon-backed Rivian and Lucid Motors would be prohibited from selling and servicing cars in the state. James Chen, Rivian Vice President […]