Lucid misses Wall Street expectations as problems continue with SUV launch
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Lucid also said it has agreed to increase a term loan credit facility from $750 million to roughly $2 billion from Saudi Arabia's Public Investment Fund.
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Lucid
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31 days ago
32 days ago
Pure EV automakers Rivian, Lucid face growing challenges amid Q3 results
Both automakers have already cut vehicle production guidance, while Rivian also has negatively changed its adjusted earnings and gross profit expectations.
39 days ago
Lucid targets industry-first self-driving car technology with Nvidia
Lucid plans to be the first automaker to offer highly advanced self-driving capabilities in its vehicles in the coming years, the automaker said Tuesday.
4 months ago
Lucid softens full-year production forecast as EV maker misses second-quarter estimates
The electric vehicle maker now anticipates producing between 18,000 and 20,000 vehicles for the year after previously projecting a goal of 20,000.
Uber to invest in $300m in EV maker Lucid amid robotaxi deal
The ride sharing company will use 20,000 SUVs starting with a US city in 2026.
Uber inks six-year robotaxi deal with Lucid, invests $300 million in EV company
Uber, Lucid and autonomous vehicle startup Nuro are joining forces to deploy more than 20,000 robotaxis as demand for driverless cars kicks into high gear.
Uber agrees multibillion deal with Lucid for electric robotaxi fleet
Ride-hailing app to buy 20,000 EVs and invest $300mn in Lucid alongside partnership with self-driving start-up Nuro
5 months ago
EV maker Lucid misses second-quarter delivery estimates on soft demand
Demand for Lucid's pricier luxury EVs have been softer as consumers, pressured by high interest rates, shift towards cheaper hybrid and gasoline-powered cars.
7 months ago
Lucid to acquire select Arizona-based Nikola facilities and assets
Lucid Group said it will acquire select Arizona-based facilities and assets previously belonging to bankrupt truckmaker Nikola Corp.
9 months ago
After abrupt departure of Lucid CEO, here are the EV maker's top priorities
Interim CEO Marc Winterhoff said Lucid's top priorities include doubling vehicle production in 2025, narrowing losses and increasing customer awareness.