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Lucid Motors

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Lucid Bets on Tesla S/X Exodus to Capture 350k U.S. Owners
business19 days ago

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
Lucid Unveils Cosmos and Earth: A $50K Mid-Size EV Push to Rival Tesla
technology1 month ago

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
business5 months ago

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
technology8 months ago

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
Lucid Gravity SUV Sets New Standard with 450-Mile Range
technology1 year ago

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
Lucid Gravity: The Electric SUV Poised to Challenge Tesla
automotive1 year ago

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
Lucid Gravity SUV Debuts with 450-Mile Range, Production on Track
automotive1 year ago

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
Lucid Motors Faces Turbulent Year Amid Stock Volatility and New EV Launch
business1 year ago

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
"2025 Lucid Air Pure: World's Most Efficient EV with 5 Miles per kWh"
automotive1 year ago

"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
Lucid Motors Cuts 6% of Workforce Amid EV Market Struggles
business1 year ago

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
Lucid Motors Cuts 6% of Workforce Ahead of SUV Launch
business1 year ago

Lucid Motors Cuts 6% of Workforce Ahead of SUV Launch

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 year. The restructuring, expected to be completed by the end of the third quarter, will cost between $21 million and $25 million. CEO Peter Rawlinson emphasized the need to remain vigilant about costs and optimize resources to position the company for future success.

via TechCrunch|
#business#electric-vehicles#layoffs
Lucid to Cut 6% of US Workforce Amid EV Demand Decline
business1 year ago

Lucid to Cut 6% of US Workforce Amid EV Demand Decline

Lucid Group will cut 6% of its US workforce, around 400 employees, due to slowing EV demand and cost control measures amid high inflation and interest rates. The layoffs will affect all levels except hourly manufacturing and logistics staff. The company expects related charges of $21-$25 million and aims to complete the plan by Q3 2024. This follows similar moves by Rivian and Tesla. Lucid is also expanding production capacity and planning new models to attract more customers.

via Reuters|
#business#electric-vehicles#ev-industry
Lucid's Q1 EV Deliveries Soar 40% After Price Cuts
business-electric-vehicles2 years ago

Lucid's Q1 EV Deliveries Soar 40% After Price Cuts

Lucid Motors reported higher-than-expected first-quarter deliveries, attributing the increase to price cuts that boosted demand for its luxury electric sedans. The company delivered 1,967 vehicles, surpassing estimates, and plans to ramp up deliveries to Saudi Arabia in the second half of the year. Lucid also announced plans to introduce a mid-size car in 2026 targeting a $50,000 price point, aiming to attract a broader customer base.

via Reuters|
#business-electric-vehicles#deliveries#demand