Lucid Group News - TESLARATI

Lucid’s Q1 results invoked quite a reaction from Elon Musk

Lucid Group reported their results for the first quarter of the year this week, and they had Tesla CEO Elon Musk laughing...

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News

Lucid plans for Tesla Model 3 and Y competitor at ‘lower cost’

Lucid said it is planning to launch an electric vehicle that will be priced at a lower cost to compete with the...

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Investor's Corner

Lucid misses Wall Street estimates on deliveries, stock drops over 3%

Lucid Group (NASDAQ: LCID) missed Wall Street estimates on deliveries for the third quarter of 2023, and shares responded on Tuesday morning...

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News

Lucid to lay off 1,300 employees for $24-$30M restructuring plan

On Tuesday, March 2, Lucid Group, Inc. announced plans to lay off 18% of its workforce, amounting to about 1,300 employees. The...

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Investor's Corner

Lucid cushions financial position with $1.515B capital raise

Lucid Group (NASDAQ: LCID) announced it had completed a capital raise of $1.515 billion to cushion its financial position as it continues...

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News

Lucid gains EPA approval to launch 2023 Air models

Lucid has gained EPA approval to launch the sale of several 2023 model-year trims of the Air electric vehicle. Lucid gained Certificates...

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Lucid officially launches at-home charging station for EVs

Lucid Group announced on Tuesday morning that it had officially launched an at-home charging station for its EVs. The launch of the...

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Lucid launches its biggest OTA update yet with ‘hundreds’ of new features

Lucid announced this morning it had launched Lucid UX 2.0, its most extensive and biggest software update, which packs “hundreds of updates...

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Investor's Corner

Lucid bounces back with impressive Q3 production of 2,282

Lucid (NASDAQ: LCID) announced today that it produced 2,282 vehicles in Q3 2022, a more than three-times increase from what it reported...

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Lucid struggles to ramp production and keep those tasked with solving it

Lucid Motors is continuing to struggle with its initial production ramp of its introductory EV, the Lucid Air. However, it is also...

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News

Lucid adds new executive software position and fills it with an Apple alum

Lucid Motors added a new executive position within its software team this week and filled it with a former Apple employee with...

lucid amp-1 casa grande production plant

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Lucid factory set to expand three-fold following $113.5M county investment

Lucid Motor’s (NASDAQ: LCID) production facility in Casa Grande, Arizona, is set to expand three-fold after Pinal County purchased 1,400 additional acres...

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News

Take a lap in the 1,200-HP Lucid Air Sapphire prototype

After Lucid announced its new 1,200 horsepower Sapphire version of the Air sedan last week, many believed it was the Tesla Model...

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News

Lucid to expand Arizona production plant in 2023

Lucid Motors (NASDAQ: LCID) is planning to expand its AMP-1 production facility in Casa Grande, Arizona, with construction starting in 2023, documents...

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Lucid launches ‘Stealth Look’ to bring new personality to Air EV

Lucid Group launched a new “Stealth Look” option exterior design theme for its Air electric vehicle that brings a new “darker and...

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Investor's Corner

Lucid cuts production goals by 50 percent once again

Lucid Group (NASDAQ: LCID) cut its 2022 production outlook to between 6,000 and 7,000 vehicles after citing “extraordinary supply chain and logistics...