Saudi billionaire Prince Alwaleed bin Talal has disclosed a 5% stake in Lucid Group, and the market read it as a fresh vote of Saudi confidence in the cash-strapped EV maker.
Lucid (LCID) shares jumped as much as 25% on Tuesday after the filing surface…
Today’s episode of Quick Charge means business – the business of buying up power stations to power up the pet AI that says it would have picked you over Michael Jordan in the 1984 NBA draft and the business of fleecing well-heeled car collectors out of…
Lucid (LCID) stock was hit with multiple volatility halts and crashed more than 40% on Tuesday after a report claimed the EV maker was weighing Chapter 11 bankruptcy or going private.
Lucid quickly denied the report, calling the speculation “completely…
California Governor Gavin Newsom signed SB 168 today, creating a new “MyFirstEV” program that gives first-time electric vehicle buyers a $3,500 instant rebate at the dealership starting later this summer.
The point-of-sale discount is backed by $135.5 …
Lucid is replacing almost its entire executive team under new CEO Silvio Napoli, bringing in a new CFO, CTO, and three other C-level leaders in a single announcement.
The overhaul lands just over a week after the struggling EV maker cut 18% of its work…
Lucid Motors is laying off 18% of its workforce, roughly 1,500 employees, just four months after the EV maker cut 12% of its staff. The company also confirmed Monday that it has eliminated the second production shift at its Casa Grande, Arizona factory…
Lucid has registered the design of its upcoming Cosmos with the European Union Intellectual Property Office, giving us the clearest look yet at the sub-$50,000 crossover the automaker is betting its future on.
The filing, published last week, shows the…
This will be the second market to have an Uber robotaxi service outfitted with Lucid EVs equipped with a self-driving system from Nuro.
Lucid Group (NASDAQ: LCID) announced it has begun rolling out an over-the-air software update that brings hands-free highway driving to the Gravity SUV in North America.
Lucid first promised hands-free driving for its vehicles well over a year ago, …
A camouflaged Lucid Cosmos prototype has been spotted testing on public roads near the Lucid factory in Casa Grande, Arizona. The photo shows the midsize SUV right next to a Tesla Model Y, giving us our best real-world size comparison yet.
The sight…