tldrdailynews.com logo
Tag

Lucid

All articles tagged with #lucid

California Opens Instant $3,500 EV Rebates to Tesla, Hyundai, and Lucid Buyers
business20 days ago

California Opens Instant $3,500 EV Rebates to Tesla, Hyundai, and Lucid Buyers

California’s MyFirstEV program now offers first-time EV buyers an instant $3,500 rebate on new EVs from Tesla, Hyundai, or Lucid (with $1,750 for used EVs); the program has a $135 million pool matched by automakers and imposes price caps of $50,000 for new vehicles and $25,000 for used ones, with a carve-out for California-based companies allowing discounts regardless of price. Buyers must apply online, plug-in hybrids are ineligible, and more automakers will roll out incentives later as the state pursues EV adoption and air-quality goals.

via Los Angeles Times|
#business#california#ev-rebates
Tesla Dips 10% on Earnings Miss Despite Record Deliveries, Rivian and Lucid Slip
business1 month ago

Tesla Dips 10% on Earnings Miss Despite Record Deliveries, Rivian and Lucid Slip

Tesla shares fell about 10% after Q2 2026 earnings missed estimates (adjusted EPS $0.33 vs $0.50, EBITDA $3.2B vs $4B), even as revenue rose to $28.24B on a record 480,126 vehicle deliveries. Operating income dropped 57% to $398M and free cash flow turned negative by $1.09B, though management kept capex guidance above $25B for 2026. Tesla’s FSD subscriptions climbed 56% to 1.48 million with Robotaxi expanding to seven metro areas. Analysts trimmed price targets but largely maintained ratings; Rivian and Lucid slipped in sympathy, and the DRIV ETF weakened due to Tesla’s heavy weighting. Investors weigh autonomy milestones and margin pressures against the delivery momentum and topline growth.

via 24/7 Wall St.|
#business#deliveries#earnings
California's Expanded EV Rebate Covers 13 Automakers, with Price Cap Exemptions
technology1 month ago

California's Expanded EV Rebate Covers 13 Automakers, with Price Cap Exemptions

California's revamped EV rebate offers up to $3,500 for qualifying new EVs under $50k and $1,750 for used EVs under $25k, but only for 13 automakers; Lucid and Rivian are exempt from the price cap thanks to a California carve-out, while brands like Mercedes, BMW, VW, and others have no eligible models, and details on the used-vehicle rebate funding remain unclear.

via InsideEVs|
#california#ev-rebate#lucid
California’s EV incentive carves out Rivian and Lucid
technology1 month ago

California’s EV incentive carves out Rivian and Lucid

California lawmakers are allocating $135 million for a new cash-on-the-hood EV incentive aimed at first-time buyers, with price caps of $50,000 for new and $25,000 for used vehicles. A key carve-out lets California-headquartered EV makers like Rivian and Lucid qualify regardless of price, effectively bypassing the caps for those manufacturers. The program, designed to fill the gap left by the federal $7,500 tax credit, will be designed by CARB with manufacturers contributing half of each incentive, and includes additional funds to boost sales of heavy-duty EVs. The plan could face pushback from other automakers such as Tesla, which isn’t included in the carve-out.

via InsideEVs|
#california#carmakers#ev-incentives
Uber-Lucid Robotaxi Expands to Houston as Intel Advances 18A-P
technology2 months ago

Uber-Lucid Robotaxi Expands to Houston as Intel Advances 18A-P

Uber and Lucid announce Houston as the second city for their robotaxi service, with autonomous rides expected in 2027 after San Francisco; Intel says its 18A-P process node has entered initial production as part of its turnaround to compete with TSMC. The broader news slate also includes SpaceX planning to buy Cursor for $60 billion and Microsoft unveiling Surface laptops/Pro devices powered by Snapdragon X2 CPUs.

via Yahoo Finance|
#houston#intel#lucid
Lucid to trim production to align with demand as inventory sits high
business3 months ago

Lucid to trim production to align with demand as inventory sits high

Lucid Group said it will take steps to better align its production with customer demand and reduce an elevated EV inventory, with no plan to idle its Arizona plant and no firm recantation of prior guidance to produce 25,000–27,000 units. In Q1 2026, the company produced 5,500 vehicles but delivered 3,093, and it cited a supplier issue affecting Gravity deliveries, as it seeks to convert excess inventory into revenue through disciplined cost control and improved delivery cadence, following a quarterly results miss relative to expectations.

via CNBC|
#business#deliveries#electric-vehicles
Rivian’s R2 Debut and Lucid Investor Day Set March 12 Test for EV Bets
business5 months ago

Rivian’s R2 Debut and Lucid Investor Day Set March 12 Test for EV Bets

Rivian will unveil the R2 at SXSW with pricing and trims, signaling a push toward profitability, after removing its $45,000 starting price; Lucid will host an investor day in New York to preview its midsize model and software/autonomy roadmap, with 2026 production guidance of 25k–27k and Saudi-backed liquidity. Both companies, once valued above GM and Ford in 2021, have slumped amid missed targets and leadership changes, and will be hoping the March 12 reveals translate into tangible orders and progress toward sustainable profitability.

via eletric-vehicles.com|
#business#investor-day#lucid
EV Industry Faces Challenges and Uncertainty in 2025
business8 months ago

EV Industry Faces Challenges and Uncertainty in 2025

In 2025, Tesla, Rivian, and Lucid faced significant headwinds from policy changes, tariffs, and market shifts, leading to slower sales and higher costs. Tesla experienced a sales decline but maintained its market value and advanced AI and autonomy projects. Rivian focused on scaling production and new models, while Lucid worked on stabilizing output amid demand and cost challenges. Despite difficulties, each company pursued long-term growth strategies in a transitioning EV market.

via TipRanks|
#2025-challenges#business#ev-stocks
Lucid's Q3 Losses Widen Amid SUV Launch Challenges and Production Woes
business9 months ago

Lucid's Q3 Losses Widen Amid SUV Launch Challenges and Production Woes

Lucid Group missed Wall Street expectations for the second quarter, cutting its annual production guidance and facing supply chain issues with its Gravity SUV. Despite a 68% revenue increase year-over-year, the company reported a significant net loss and widened EBITDA loss, while securing additional funding from its largest shareholder. Its stock performance has lagged behind competitors like Rivian.

via CNBC|
#business#electric-vehicles#lucid
Rivian and Lucid Face Challenges and Opportunities Ahead of Q3 Earnings
business9 months ago

Rivian and Lucid Face Challenges and Opportunities Ahead of Q3 Earnings

Rivian and Lucid, two pure EV automakers, face increasing challenges amid their upcoming Q3 reports, including market headwinds, regulatory changes, and production issues, despite showing some growth in sales and revenue. Both companies are focusing on future vehicle launches and technological advancements to attract investors, but profitability remains a concern as industry-wide issues impact their financial outlook.

via CNBC|
#business#ev#lucid
Uber's Stock Surges as It Partners with Lucid on Autonomous Robotaxis
business1 year ago

Uber's Stock Surges as It Partners with Lucid on Autonomous Robotaxis

Uber announced a multi-hundred-million dollar investment in Lucid and Nuro to develop a robotaxi service, deploying over 20,000 Lucid electric vehicles with Nuro's self-driving system in a major U.S. city next year. Despite the deal, Uber's stock fell, reflecting concerns about its competitive position and execution risks, while Lucid's stock soared.

via Investor's Business Daily|
#autonomous-vehicles#business#lucid