#LCID

Latest EV news tagged #LCID

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Lucid Faces Class Action Over 20,000-Vehicle 2022 Production Target

The class covers investors who acquired Lucid common stock between November 15, 2021, and August 3, 2022, as the four-and-a-half-year-old securities case moves toward trial or a potential settlement.

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Lucid and Bolt Plan 25,000-Unit Robotaxi Fleet for Europe

The vehicles will be based on Lucid’s upcoming Midsize platform and designed for SAE Level 4 autonomous driving, with Bolt planning to own and operate the fleet.

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Lucid’s $1.4 Billion Turnaround Plan Faces a Tough Test as Stock Hits 52-Week Low

Lucid shares closed at $4.55 on Sept. 1, down 42% from the $7.78 closing price on Aug. 4, the day before Napoli’s operational reset was announced. The decline came as the broader market remained comparatively stable, making the move largely company-specific.

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Lucid CEO Admits Company Fell Short as Midsize EV Launch Is Delayed

The comments came as Lucid reported a quarterly net loss of more than $1 billion and confirmed that its upcoming midsize electric vehicle has been pushed back to the second half of 2027.

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Lucid CEO Rejects Bankruptcy, Take-Private Rumors Ahead Of Earnings

In a statement, Napoli said the reports are false and emphasized that Lucid has sufficient liquidity to continue funding its operations well into next year.

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Rivian Faces Lawsuit Over Driver+ Hands-Free Driving Claims For Early R1T And R1S Models

The complaint, filed in federal court in California, claims Rivian led customers to believe that Gen 1 vehicles would eventually receive software updates enabling hands-free and eyes-off driving, despite allegedly knowing those capabilities would never be achievable on the platform.

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Lucid Cuts 18% Of U.S. Workforce As COO Departs And Cost-Saving Efforts Intensify

The company expects the restructuring plan to generate roughly $158 million in annualized savings and confirmed that Chief Operating Officer Marc Winterhoff has departed effective immediately, with the COO position being eliminated.

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Lucid Loses Key Engineering Executive Ahead of Critical Midsize EV Launch

Emad Dlala, Lucid’s senior vice president of engineering and software, has departed the company months after being promoted to oversee its Engineering and Digital division, creating another leadership challenge ahead of the launch of Lucid’s first midsize electric vehicle.

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Lucid Completes Leadership Transition With New CEO Silvio Napoli

Napoli succeeds interim leadership following a period of transition and now takes responsibility for guiding Lucid through its next phase of growth.

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Lucid Suspends Forecast After Revenue Miss and Gravity Delivery Disruption

The company said the problem has been resolved, with orders and deliveries rebounding in March as production and demand trends improved.

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Uber Adds Hertz to Robotaxi Push with Lucid and Nuro

The collaboration highlights how autonomous mobility is evolving into a multi-company ecosystem, with each partner handling a specific layer of the service.

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Lucid builds 50,000th EV as production ramps under new CEO

The achievement highlights steady output growth as Lucid ramps production of its expanding EV lineup and prepares for its next phase of global manufacturing.

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Lucid Launches Hybrid Retail Model in Europe With First Dealer Partner

The update was shared in a press release from Lucid, highlighting a shift toward a hybrid retail approach aimed at accelerating expansion in key European markets.

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Lucid Interim CEO and CFO Join Cantor Tech Growth Conference

Lucid Group announced that members of its leadership team will appear at an upcoming technology and industrial conference

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Cantor Cuts Lucid (LCID) Target to $14 on Production Concerns

Analysts pointed to lower production expectations, persistently negative gross margins, additional capital needs, macroeconomic headwinds and tariff concerns as key risks.

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Lucid Targets $500M Savings With 12% Headcount Reduction

The company said the move is aimed at improving operational efficiency following the launch of its Gravity SUV.

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Lucid Reports $1.17B Net Loss in Q4 2025

For Q4 2025, Lucid reported revenue of $523 million, ahead of analyst expectations of $468 million.

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Lucid Is a Penny Stock Again, But LCID Is Still Not a Buy: Barchart

The stock remains far above its July low, when shares briefly plunged to $2.37 amid the bankruptcy speculation, but much of the recovery has since disappeared. Lucid rejected those rumors, and the company continues to have substantial liquidity. Still, investors have plenty of reasons to remain cautious.

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Lucid Stock Extends Rally Ahead of Q2 Results as Investors Watch Cash Burn

While the stock has recovered sharply from recent lows, analysts and investors remain focused on the company’s cash burn, production outlook, and whether improving deliveries are translating into a stronger financial position.

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Uber Takes 11.5% Stake in Lucid to Power Robotaxi Expansion

The investment, totaling over 37.75 million shares, adds to Uber’s growing financial and operational commitment to Lucid.