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The Latest Breaking News from Lucid Group

'Lucid' Group Launches 1st Middle East Studio in Saudi Arabia

Lucid Group, setting new standards with the longest-range, fastest-charging electric car on the market, announced the opening of its first Studio in the Middle East in Riyadh. "The launch of our first Studio in the Middle East marks yet another step towards Lucid's mission to inspire the adoption of sustainable…

Asharq Al-Awsat

Here's How Many Vehicles Lucid Group Produced, Delivered In Q3 — And How It Stacks Up To Rival EV Makers

Electric vehicle company Lucid Group Inc (NASDAQ: LCID) reported third-quarter production and delivery figures Wednesday morning. Here’s how the numbers stack up to guidance and rivals.

Benzinga

Lucid Said To Make 40-50 Cars Per Day After Logistics, Exec Overhaul

Two major hurdles that Lucid reportedly faced included logistics constraints and a production line divided into disparate cliques instead of working cohesively.

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Are Lucid Group and Rivian Automotive Finally Worth Buying?

The EV market has faced significant challenges such as high inflation, semiconductor chip shortage, and persisting supply chain disruptions. Moreover, the lack of charging infrastructure will likely pressure the industry’s growth. Therefore, despite losing significantly this year, shares of fundamentally weak EV companies Lucid Group (LCID) and Rivian Automotive (RIVN)…

StockNews.com

2024 Lucid Air Sapphire Tri-Motor Flagship Debuts With 1,200+ HP

Lucid Air Sapphire will be built in a limited production run from the first half of 2023; reservations open on August 23 and the starting MSRP is $249,900.

InsideEVs

Rivian, Lucid Tell Reservation Holders To Sign Binding Agreements

Rivian and Lucid informed reservation holders that they can enter into binding contracts to make sure they qualify for the full $7,500 tax credit.

InsideEVs

Lucid Hires Two Key Execs To Help It Expand To Europe, Middle East

Lucid Group aims to open new stores in the Netherlands, Norway and Switzerland this year and break ground on its Saudi Arabia plant in the second half of 2022.

InsideEVs

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Lucid Group Stock Is Surging: What's Driving The Action?

Lucid Group Inc (NASDAQ: LCID) shares are trading higher Wednesday in sympathy with Rivian Automotive Inc (NASDAQ: RIVN), which reported second-quarter vehicle production and delivery numbers.

Benzinga

You Can Now Lease Or Finance A New Lucid Air Exclusively Online

Lucid Group has announced Lucid Financial Services, a new digital platform developed with Bank of America that offers customers lease and loan purchase options.

InsideEVs

Lucid Stock Is Racing Higher: What's Going On?

Lucid Group Inc (NASDAQ: LCID) shares are trading higher Thursday after the company on Wednesday announced plans to set up a new manufacturing facility in Saudi Arabia.

Benzinga

Lucid Secures $3.4B In Incentives, Funding For Saudi Arabia Plant

Expected to be completed in 2025, the new factory will create 4,500 jobs and increase Lucid's global production capacity to 500,000 EVs when fully operational.

InsideEVs

Nikola vs. Lucid Group: Which EV Stock is a Better Buy on the Dip?

Today I will analyze and compare Nikola (NKLA) and Lucid Group (LCID) to determine which electric vehicle stock is currently a better investment.

StockNews.com

Why Lucid Shares Are Sliding Today

Lucid Group Inc (NASDAQ: LCID) shares are trading lower Wednesday alongside several companies in the broader consumer discretionary space amid overall market weakness as investors digest the latest U.S. inflation data, which came in higher-than-expected.

Benzinga

What's Going On With Lucid Group Stock?

Lucid Group Inc (NASDAQ: LCID) shares are moving higher in Thursday's after-hours session after the company reported better-than-expected

Benzinga

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InsideEVs

Lucid's Design Studio Sees Designers Work Closely With Engineers

The studio's open concept allows designers to work together more easily and interact with employees from different departments to streamline the design process.

StockNews.com

Is Lucid Group a Buy Under $20?

While Lucid Group (LCID) continues to make several efforts to boost its operational efficiency, persistent chip and labor shortage weigh on its growth prospects. So, let's evaluate if it's worth investing in the stock at the current price level.

InsideEVs

Lucid CEO Made Over $260 Million In Performance-Based Awards In 2021

Peter Rawlinson got the performance-based awards when Lucid's market cap was at its highest, just before the EV startup's shares plunged by two-thirds.

Benzinga

Why Lucid Shares Are Rising Today

Lucid Group Inc (NASDAQ: LCID) shares are trading higher Wednesday after the company announced an agreement with the Government of Saudi Arabia, under which the Government will purchase up to 100,000 vehicles over a ten-year period.

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InsideEVs

Lucid Scores 100,000-Vehicle Order From Saudi Arabia Over Ten Years

At the beginning, the Kingdom is expected to order 1,000 to 2,000 vehicles annually, with the quantity to increase to 4,000-7,000 vehicles annually from 2025.

InsideEVs

Lucid Introduces New Performance Version Of The Air Grand Touring

We examine the announcement that Lucid Motors is adding a new variant to its Air lineup, the Lucid Air Grand Touring edition, which has 1,050 horsepower.

Asharq Al-Awsat

Electric Vehicles … A Saudi Step Towards Establishing Sustainable Transportation

The announcement made by Lucid Group, an American electric vehicle manufacturer, on signing several agreements with Saudi government agencies, paving way for laying the groundwork for a full production factory in Saudi Arabia, is an important step that shows the competitiveness of the Kingdom in becoming a perfect investment destination…

InsideEVs

Lucid, BYD Choose NVIDIA's Drive Hyperion AV Platform For Their EVs

By integrating the latest NVIDIA Drive Hyperion AV architecture into the DreamDrive Pro ADAS suite, Lucid vehicles will gain new features via OTA updates.

InsideEVs

Lucid Considering Price Increases Amid "Huge Inflationary Pressures"

"I think it would be absolutely foolish of me to say we're never going to raise our prices," Lucid Group CEO Peter Rawlinson told Reuters in an interview.

Asharq Al-Awsat

Lucid to Produce 150,000 EVs Per Year in Saudi Arabia

Lucid Group signed an agreement with the Saudi Ministry of Investment, the Industrial Development Fund, and the Economic City at King Abdullah Economic City to construct a plant in the Kingdom that will produce 150,000 electric vehicles (EVs) per year. The Public Investment Fund holds a significant stake of 62…

Benzinga

BofA On Lucid Earnings, Lowered Outlook Is 'Somewhat Surprising In Magnitude'

Lucid Group Inc (NASDAQ: LCID) reported its fourth-quarter results marginally ahead of expectations on lower operating expenditures, according to BofA Securities.

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