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The Latest Breaking News from Lucid

Lucid Offers $7,500 EV Credit On Some Air Versions For A Limited Time

If there's no way to get the price of your EVs within the rules for tax credit eligibility, perhaps all you can do is offer your own $7,500 EV credit.

InsideEVs

Tesla's Price Cuts Are Putting Extra Pressure On EV Startups

With Tesla’s most recent round of price cuts, EV startups that are struggling to make money may be put in tough positions.

InsideEVs

Tesla Stock Charges Up On Government Revision To EV Tax Credits

Tesla stock continues its run-up after the Treasury Department announced a major revision to its EV Tax Credits Friday, affecting Tesla, Ford, GM.

Investors Business Daily

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Rivian To Lay Off 6 Percent Of Staff To Cut Costs Amid EV Price War

Rivian CEO RJ Scaringe announced the job cuts in an internal memo and said the company is focusing resources on ramping up production and becoming profitable.

InsideEVs

Lucid Debuts 469-HP Electric Drive Unit For Racing That Weighs 70 Pounds

The EDU combines an electric motor, inverter, differential, and transmission in a compact, lightweight package.

Motor1

Lucid Unveils Compact Electric Drive Unit For Formula E Racing

The unit provides regen power under braking, acting as a generator and replenishing the battery

InsideEVs

Lucid Air Reservation Holders Can Get $7,500 Off If They Choose To Lease

This is surely a response to Tesla’s recent price cut, but strangely it only applies to Airs leased through Lucid Financing Services.

InsideEVs

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US Car Market Shrunk In 2022 But EV Sales Went Up By Two Thirds

Even though the US new car market as a whole shrunk in 2022, more EVs were sold reaching a 5.8 percent market share, up from 3.1 percent in 2021.

InsideEVs

Illinois auto dealers file appeal after judge dismissed lawsuit challenging direct-to-consumer EV sales

The Illinois Automobile Dealers Association has appealed a December court ruling that allowed EV automakers Rivian and Lucid to continue cutting out the middleman and selling directly to consumers.

Chicago Tribune

Analysts Cut Tesla Stock Targets Amid EV Giant Price Reductions, Auto Industry Pessimism

Analysts weighed in on Tesla Friday as the EV giant has decided to cut U.S. vehicle prices.

Investors Business Daily

Tesla Stock Drops As EV Giant Slashes U.S., European Prices

The EV giant slashed Model 3 and Model Y prices, making more eligible for U.S. tax credits. Tesla stock dropped while GM and other rivals fell.

Investors Business Daily

Lucid Notes Record Air Deliveries In Q4 2022

Lucid Group announced today vehicle production and delivery numbers for the fourth quarter and full year 2022, revealing noticeable progress in both cases.

InsideEVs

Tesla's stock lost over $700 billion in value. Elon Musk's Twitter deal didn't help

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.

WEKU

Deliveries Of Entry-Level Lucid Air Pure Are Now Underway

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

InsideEVs

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Asharq Al-Awsat

Saudi Arabia Aims to Boost National Automotive Industry

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…

Motor1

The Best And Worst Cars We Drove In 2022

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

InsideEVs

Lucid Air Deliveries Begin In Europe With Longest-Range Model

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

InsideEVs

Lucid Lowers Air Grand Touring's Starting MSRP To $138,000

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.

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Motor1

Lucid Air Grand Touring Now Offered With Fewer Features For $138,000

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

InsideEVs

Lucid Motors Begins Recruiting In China

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.

InsideEVs

Lucid Motors EV Startup Opens Retail And Service Store In Europe

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.

InsideEVs

Elon Musk Believes Other Automakers “Much Closer” To Bankruptcy Than They Think

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.

InsideEVs

Reviewer Says Lucid Air One-Ups Tesla Model S At All But One Thing

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.

InsideEVs

Lucid Air Sapphire Beats Tesla Plaid, Bugatti Chiron In Quarter-Mile Drag Race

The Sapphire completed the quarter in 9.1 seconds, making for a production car record, and it even beat a Ducati Panigale V4 SP2.

Investors Business Daily

'The Brakes Are Screeching On EV Demand,' Analyst Says; These Stocks Are Getting Slammed

EV demand is stalling, Morgan Stanley's Adam Jonas said. Tesla and Lucid are extending losses, while lithium, EV chip plays are hardest hit.

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