Lucid has released its Q1 2024 financial results, and the luxury EV automaker continues to lose significant amounts of money building the Air sedan. The company reported a revenue of $172.7 million, which surpassed Wall […]
Lucid has released its first quarter production and delivery figures, and the luxury electric vehicle (EV) maker was able to set a new quarterly delivery record, although just barely. Also a first, Lucid delivered more […]
Lucid has received a significant boost to its financial standing with a $1 billion investment from Ayar Third Investment Company, an affiliate of Saudi Arabia’s Public Investment Fund (PIF). The infusion of capital comes at […]
The National Labor Relations Board (NLRB) has settled a case with Lucid in which the automaker has agreed to alter its severance agreements as they were deemed to contain illegal clauses. This settlement comes after […]
Lucid has added a new feature to its Air sedan through a free over-the-air (OTA) software update called Creature Comfort Mode, which as the name implies, is their version of Tesla’s Dog Mode. Tesla first […]
Lucid will open a second research and development office near Detroit in Southfield, Michigan. Lucid will open the office in Q4 of 2024. The announcement comes after the Michigan Strategic Fund voted in favour of providing Lucid […]
Lucid has published its financial report for the fourth quarter and full year 2023, and not unlike Rivian, unveiled a mixed bag of results In the fourth quarter of 2023, Lucid reported a loss of […]
Lucid has had their fair of struggles since they started deliveries in 2021, from a slow production ramp to slow sales, leading to substantial price cuts and a growing number of vehicles in inventory. Despite […]
Lucid has announced significant price reductions across its range of Air sedans. This is the second price cut in as many months, and the fourth price cut in the last year, signaling continued demand problems […]
The National Highway Traffic Safety Administration (NHTSA) is taking a closer look at Lucid’s approach to addressing a recall involving its Lucid Air sedans and their potentially faulty high voltage coolant heaters (HVCH). As we […]
