The Latest Breaking News from Lucid

The transformational automaker's market cap has dropped by a staggering amount over the past year. Blame new competition, sales that fell short of a lofty target — and a distracted CEO.

Deliveries of the Air Pure, the entry-level version of the Lucid Air, are now underway in California.

The Saudi Ministry of Industry and Mineral Resources signed a memorandum of understanding with Hyundai Motor Company to promote the automotive industry in the Kingdom. The MoU was signed in the presence of the Minister of Industry and Mineral Resources, Bandar al-Khorayef, and the Minister of Economy and Planning, Faisal…

This is what happens when Motor1.com editors stop being polite and start being real.

The Lucid Air Dream Edition is priced at €218,000 in Germany, the equivalent of $231,700 at the current exchange rate.

Lucid isn't taking a hit, it simply made the DreamDrive Pro ADAS suite ($10,000), Surreal Sound Pro ($4,000) and 21-inch Aero Blade wheels ($2,000) optional.

The lower price means DreamDrive Pro is optional, among other things. But you still get 819 horsepower and a 516-mile range.

Serious EV makers are wise to consider China at the top of their list of places to expand. It's the largest car market on the planet, and EVs are a big deal.

While Tesla CEO Musk continues to forecast Lucid's bankruptcy, the company is continuing to reveal new products, and now it's expanding in Europe.

In typical fashion, the Tesla founder and CEO replied to a tweet and gave this stark warning, although it does fit into his wider narrative about the industry.

While Lucid is still a struggling startup likely to remain that way for years, it hit the mark with its Lucid Air. It's certainly proof of future potential.