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Lucid Motors

All articles tagged with #lucid motors

business23 days ago•5 min saved

Lucid Halts 2026 Guidance Amid Inventory Glut Under New CEO

Lucid paused its 2026 production guidance as new CEO Silvio Napoli audits the business, citing a mismatch between output and demand. In Q1, 5,500 cars were built but only 3,093 delivered, leaving roughly 2,400 in inventory and driving total inventory to about $1.47 billion. Revenue rose 20% year over year to $282.5 million but missed expectations of about $440 million, while net loss topped $1 billion and free cash burn ran about $1.44 billion. The Saudi PIF remains a funding lifeline through late 2027 as Lucid pursues cost discipline and a tighter investment plan.

via Carscoops|

#business #electric-vehicles #inventory

business23 days ago•7 min saved

Lucid Slashes 2026 Outlook With $1B Q1 Loss Amid Rivian R2 Buzz and Terafab Chip Plans

Lucid reported a $1 billion net loss in Q1 2026 and scrapped its 2026 production guidance after producing 5,500 vehicles and delivering 3,093; revenue rose 20% to $282 million but lagged estimates, with the company aiming for 25,000–27,000 annual production by 2027 aided by a new Saudi factory for Cosmos. Rivian’s R2 remains highly anticipated with multiple variants and a Georgia plant to expand output. SpaceX and Tesla unveiled plans for a Texas Terafab semiconductor facility with an initial $55 billion investment (potentially up to $119 billion) to secure domestic chip supply. Tesla also recalled 218,868 vehicles for a backup-camera delay fixable via OTA, as the broader EV market navigates demand and policy headwinds.

via Jalopnik|

#business #electric-vehicles #lucid-motors

business1 month ago•2 min saved

Lucid Names Industry Outsider as CEO as It Secures $750 Million in Fresh Funding

Lucid Motors named Silvio Napoli, an industry outsider and former CEO of Schindler Group, as its new CEO to replace interim leader Marc Winterhoff. Napoli will relocate to the U.S. as the company also confirms a fresh $750 million runway: $550 million from the Saudi Public Investment Fund and $200 million more from Uber, which will increase its Gravity SUV order to 35,000 for robotaxi use (up from 20,000). The automaker has struggled with production volumes, cut about 12% of its workforce, and is betting on the Cosmos and Earth EVs later this year.

via InsideEVs|

#business #gravity-suv #lucid-motors

business2 months ago•3 min saved

Lucid Bets on Tesla S/X Exodus to Capture 350k U.S. Owners

Lucid presents Tesla’s decision to retire the Model S and Model X as a major sales opportunity, estimating about 350,000 U.S. S/X owners could switch to its Air and Gravity, which offer more range, faster charging, premium interiors, and lower starting prices (Air from $71k vs Model S at $95k; Gravity from $80k vs Model X at $100k). It plans to sell roughly 25,000–27,000 vehicles this year, with Cosmos and Earth expanding mass-market appeal later; Tesla remains the U.S. EV leader, but the shift could boost rivals in the luxury segment amid Lucid’s production delays for Gravity.

via InsideEVs|

#business #electric-vehicles #ev-market

technology2 months ago•3 min saved

Lucid Unveils Cosmos and Earth: A $50K Mid-Size EV Push to Rival Tesla

Lucid announced two new mid-size electric SUVs, Cosmos and Earth, starting around $50,000 and debuting later this year to compete with the Tesla Model Y. They ride on an 800-volt system with the Atlas drive unit, feature a single ultra-wide 4-zone display instead of a center touchscreen, mechanical door handles, and aim for an aerodynamic drag coefficient of 0.22 with about 300 miles of range on a 69 kWh pack; a third mid-size model is teased for future development, with Cosmos oriented toward urban use and Earth toward suburban/adventure-ready roles.

via InsideEVs|

#800-volt-system #electric-vehicles #lucid-motors

business6 months ago•23 min saved

Lucid Reports Narrowed Q3 Losses Amid Production Challenges and Revenue Growth

Lucid Motors reported strong Q3 2025 financial results with a 68% increase in revenue to $336.6 million, vehicle production up 116%, and a strategic partnership with NVIDIA to develop Level 4 autonomous driving technology. The company also increased its liquidity to approximately $5.5 billion following a credit facility expansion, and made organizational changes to accelerate growth and global expansion.

via Lucid Motors|

#autonomous-driving #business #electric-vehicles

technology7 months ago•5 min saved

Lucid and Nvidia Collaborate to Launch Consumer-Level Level 4 Autonomous EVs

Lucid Motors announced a partnership with NVIDIA to develop Level 4 autonomous electric vehicles and implement AI-driven manufacturing, aiming to deliver advanced, self-driving cars and revolutionize production processes.

via Lucid Motors|

#ai-manufacturing #electric-vehicles #level-4-autonomous-vehicles

business10 months ago•2 min saved

Uber's $300M Lucid Deal Boosts Stock and Rivals Tesla in Robotaxi Race

Uber has invested heavily in a partnership with Lucid Motors to deploy over 20,000 Lucid robotaxis on Uber's platform over six years, marking a significant strategic move for Lucid to gain market legitimacy and scale, though questions remain about the economic viability given the high vehicle costs and ride prices.

via Benzinga|

#autonomous-vehicles #business #investment

technology10 months ago•6 min saved

Uber Partners with Lucid and Nuro for Next-Gen Autonomous Robotaxi Fleet

Lucid Motors, Nuro, and Uber are partnering to develop a next-generation autonomous robotaxi program, aiming to deploy over 20,000 Lucid vehicles equipped with Nuro's Level 4 self-driving system globally within six years, starting with a launch in a major US city next year, leveraging advanced vehicle architecture, safety, and scalability.

via Lucid Motors|

#autonomous-vehicles #lucid-motors #nuro

technology1 year ago•1 min saved

Lucid Gravity SUV Sets New Standard with 450-Mile Range

Lucid Motors' new Gravity SUV has received an official EPA range estimate of 450 miles, surpassing its initial 440-mile projection. Priced at $94,900, with a cheaper version expected in 2025, the Gravity aims to combine sports car performance with comfort while using fewer resources than competitors. Despite technological advancements, Lucid has struggled with sales, hoping the Gravity will boost its market presence in the SUV-dominated North American market.

via TechCrunch|

#electric-vehicles #epa-range #gravity-suv

automotive1 year ago•6 min saved

Lucid Gravity: The Electric SUV Poised to Challenge Tesla

Lucid Motors has unveiled the 2025 Lucid Gravity SUV, boasting an impressive EPA-certified range of 450 miles, surpassing previous estimates. The Gravity features a 120.0-kWh battery pack, dual-motor powertrain with 828 horsepower, and advanced suspension systems, including optional rear-axle steering and air springs. Production has begun in Arizona, with deliveries expected in the first half of next year. The SUV offers spacious interiors and advanced technology, positioning it as a strong competitor in the electric SUV market.

via Car and Driver|

#automotive #automotive-technology #electric-vehicles

automotive1 year ago•11 min saved

Lucid Gravity SUV Debuts with 450-Mile Range, Production on Track

Lucid Motors has launched its second flagship SUV, the Lucid Gravity, boasting an impressive EPA range of 450 miles. The Gravity combines luxury, technological innovation, and efficiency, offering spacious interiors and advanced features like a multi-chamber air suspension. The SUV is designed to compete with high-end brands by providing a versatile driving experience without compromising on space, performance, or sustainability. The Grand Touring version is now available, starting at $94,900, with a Touring trim expected in late 2025.

via Electrek.co|

#automotive #automotive-technology #electric-vehicles

business1 year ago•2 min saved

Lucid Motors Faces Turbulent Year Amid Stock Volatility and New EV Launch

Lucid Motors' shares have plummeted nearly 47% this year, closing at $2.21, prompting CEO Peter Rawlinson to reassure investors during the company's Q3 earnings call. Rawlinson emphasized the company's long-term growth strategies and his personal investment in Lucid, highlighting that he hasn't sold shares except for tax purposes. He avoided commenting on whether the Saudi Public Investment Fund, a major stakeholder, might buy out Lucid. Rawlinson owns 18.5 million shares, valued at approximately $41 million.

via Benzinga|

#business #ev-market #lucid-motors

automotive1 year ago•3 min saved

"2025 Lucid Air Pure: World's Most Efficient EV with 5 Miles per kWh"

Lucid Motors has announced that its 2025 Air Pure sedan achieves an unprecedented 5 miles per kWh, making it the most energy-efficient car in the world. The 2025 Air Pure offers an EPA estimated range of 420 miles from an 84 kWh battery pack and features significant upgrades, including a heat pump and enhanced infotainment system. All 2025 Air models will come standard with Lucid's DreamDrive ADAS. The new lineup is now available for purchase.

via Electrek.co|

#2025-air-pure #automotive #electric-vehicles

business2 years ago•1 min saved

Lucid Motors Cuts 6% of Workforce Amid EV Market Struggles

Lucid Motors has cut 400 jobs, or six percent of its workforce, ahead of the launch of its first electric SUV, the Lucid Gravity. The layoffs are part of a restructuring effort aimed at optimizing resources and positioning the company for future growth. The new SUV, featuring two electric motors and a range of 440 miles, is expected to start at $80,000. This move follows a trend of workforce reductions among major US EV manufacturers, including Tesla, Rivian, and Fisker.

via Engadget|

#business #electric-vehicles #layoffs