Lucid Motors
Lyft ‘opens a can of whoop ass’ on surge pricing, Tesla’s Dojo explained and Saudi Arabia pumps $1.5B into Lucid
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Lucid pumps $1.5B from Saudi wealth fund after CEO warned relying on its ‘bottomless wealth’ was ‘dangerous’
Saudi Arabia is committing even more money to Lucid Motors as the EV startup struggles to erase its losses. Lucid announced Monday as part of its second-quarter earnings report that…
These efforts have come as Lucid is looking to start building its Gravity SUV by the end of this year.
Lucid Motors is laying off about 400 employees, or roughly 6% of its workforce, as part of a restructuring ahead of the launch of its first electric SUV later this…
Lucid Motors’ senior vice president of digital Mike Bell has resigned from his position. The company said in a filing Monday that the longtime Apple and Intel executive’s resignation is…
Lucid Motors delivered more EVs in the first quarter of 2024 than it has in any other quarter, though it set the record by a very slim margin. The Saudi-backed,…
Lucid Motors is at risk of losing the trademark for the name of its Gravity SUV, just months before the company is supposed to start production. Google Ventures-backed EV charging…
Lucid Motors will only build 9,000 EVs in 2024 after once predicting it would ship 90,000
Lucid Motors plans to build just 9,000 electric vehicles in 2024, only 500 to 1,000 more than it made in 2023, as it struggles with demand for its luxury sedans.…
Lucid Motors is lopping thousands of dollars off the price of its most affordable electric sedans as it looks to boost demand after a disappointing year of sales. The rear-wheel…
The National Highway Traffic Safety Administration (NHTSA) has opened an investigation into a Lucid Motors windshield defroster recall from January, saying it’s “concerned” the company’s over-the-air update solution doesn’t go…
Lucid Motors delivered only 6,001 of the 8,428 cars it built last year, as it continues to struggle to generate demand for its luxury electric sedans. The Saudi-backed company limped…
Lucid said Monday it will reveal its long-awaited, all-electric Gravity SUV in November with production not kicking off until late 2024. The EV maker, which has experienced a drop in…
Legacy automakers suffer another blow as Aston Martin spurns Mercedes-AMG’s electrified tech
For over a century, automakers differentiated themselves with gas-powered engines. With EVs, all that expertise goes out the window.
Lucid Group, the U.S. automaker that produces the luxury all-electric Air sedan, will supply Aston Martin with powertrain components and battery technology for future electric vehicle models, the companies said…
Lucid’s first-quarter results showed a company with widening losses and revenue that failed to meet Wall Street expectations, results that sent shares tumbling as investors worried about demand for its…
Luxury electric vehicle maker Lucid Motors missed Wall Street estimates for fourth-quarter and full-year 2022 revenue, as well as 2023 production and delivery goals, causing the company’s stock price to…
Lucid Group, the publicly traded EV manufacturer, has launched a new high-performance luxury brand called Sapphire that pushes the bounds of performance and price. As part of the public debut,…
EV automaker Lucid Motors slashed its annual production guidance in half on Wednesday due to what CEO and CTO Peter Rawlinson described as “extraordinary supply chain and logistics challenges.” Shares…
Lucid Group, which makes long-range, fast-charging luxury EVs, said on Tuesday it is joining with Bank of America to provide customer financing as one way to stand out in the…
Lucid Group is the latest automaker to up the price of its electric vehicles. The company announced Thursday alongside its first-quarter earnings report that it was raising prices of the…
Dallas County is the latest to tap EVs for law enforcement, adding three Tesla Model 3s to its police fleet. Local, state and federal governments worldwide have begun adding battery-electric…
If 2020 and 2021 were the years of the SPAC, 2022 is shaping up to be the year of the reprimand.
The blank-check boom that made real many electric vehicle manufacturers’ dreams of going public may be nearing a close.
Lucid Motors announced Tuesday a high-performance companion to its long-awaited Lucid Air luxury sedan: a 1,050-horsepower grand tourer with a 446-mile range. The $179,000 Lucid Air Grand Touring Performance Model…
South Korea’s LG Energy Solution, which supplies electric vehicle batteries to Tesla, Lucid Motors, General Motors and Proterra, said on Thursday it is investing $1.4 billion (1.7 trillion KRW) to…
Nvidia has added two electric vehicle makers to its portfolio of automotive companies adopting its Drive Hyperion platform, a compute and sensor toolkit that powers automated driving capabilities in everything…
Earnings season rolled along today with notes from Lucid Motors’ fourth-quarter results. The company, like other electric vehicle (EV) companies, is nascent in revenue terms, albeit further along than some.…
Lucid Group completed its first quarter as a public company with a booming stock price and customer deliveries underway, as it seeks to grab the top spot in the burgeoning…
Workato storms to a $5.7B valuation after raising $200M for its enterprise automation platform
The race to automate the world of business is on, and today one of the bigger players in the market has picked up another major round of funding to meet…
Lucid Group, the all-electric automaker slated to go public this year, said Thursday that one variant of its upcoming luxury Air sedan has an EPA range of more than 520…