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 company said in a regulatory filing on Friday morning that it expects to compl…
Lucid Motors’ senior vice president of digital Mike Bell has resigned from his position. The company said in a filing Monday that the longtime Apple and Intel executive’s resignation is “effective immediately, in order to pursue other…
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Lucid Motors delivered more EVs in the first quarter of 2024 than it has in any other quarter, though it set the record by a very slim margin. The Saudi-backed, California-based electric vehicle company said Tuesday morning that it shipped 1,967 luxury…
Lucid Motors is at risk of losing the trademark for the name of its Gravity SUV, just months before the company is supposed to start production. Google Ventures-backed EV charging company Gravity Inc. filed a “petition for cancellation” wit…
Lucid Motors plans to build just 9,000 electric vehicles in 2024, only 500 to 1,000 more than it made in 2023, as it struggles with demand for its luxury sedans. If it sticks to that number, that means Lucid will wind up building around 10% of the 90,0…
Lucid Motors is lopping thousands of dollars off the price of its most affordable electric sedans as it looks to boost demand after a disappointing year of sales. The rear-wheel drive version of the base model Lucid Air Pure will now start a $69,900, d…
The National Highway Traffic Safety Administration (NHTSA) has opened an investigation into a Lucid Motors windshield defroster recall from January, saying it’s “concerned” the company’s over-the-air update solution doesn’…
Lucid Motors delivered only 6,001 of the 8,428 cars it built last year, as it continues to struggle to generate demand for its luxury electric sedans. The Saudi-backed company limped to the finish of 2023, building just 2,391 cars and delivering 1,734 …
Lucid said Monday it will reveal its long-awaited, all-electric Gravity SUV in November with production not kicking off until late 2024. The EV maker, which has experienced a drop in sales for its well-regarded but pricey luxury sedan, had originally planned to begin producing the Gravity at its factory in Arizona in late 2023. That…
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