Electric vehicle manufacturer Lucid Motors is raising prices across the board, effective June 1, 2022. The increases are as much as $15,000 or approximately the cost of a base Mitsubishi Mirage. The changes follow Thursday’s earnings reports that show significant losses for the first quarter of 2022. Rising Materials Costs … Read more
EV-Maker Lucid Motors boasts a powerful backer in the form of Saudi Arabia. The Middle Eastern country holds a 61-percent stake in Lucid through the kingdom’s Public Investment Fund (PIF). As such, that government has a vested interest in Lucid, something it recently deepened by ordering 50,000 Lucid Air Sedans … Read more
Upstart Lucid Motors launches its first product. Production of the Lucid Air sedan has commenced, as an assembly line in Arizona rolled off its first models this week. The long-awaited, all-electric model has the Tesla Model S sedan in its crosshairs, promising a 520-mile range and with performance numbers that … Read more
Phase one of four for Lucid’s manufacturing plant. We all know that 2020 will go down as the year when everything changed. Most notably, a pandemic raged across the world, taking lives and shutting down economies. Many of the best-laid plans of individuals and businesses came to a screeching halt … Read more
Lucid Motors isn’t a household name, but if this Newark, California-based mobility company has its way, that’ll soon change. And soon cannot come quickly enough for the company, founded in 2007, as it plans to debut its first model at the New York International Auto Show in April 2020. Long … Read more