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