Lucid Raising Prices by Up to $15,000

money tussle

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

Saudi Backing Bolsters EV-Maker Lucid Motors

Lucid Motors

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

About Lucid Motors

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