#Lucid Motors

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.

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.

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.

Lucid Reduces Cash Consumption 30% in the Third Quarter of 2026 and Expands Its PIF Credit Line by $1.75 Billion

Lucid reported third-quarter revenue of $350 million and said it cut free cash flow consumption by 30% from the prior quarter, to $1.04 billion. Lucid also said its delayed-draw loan facility with the Public Investment Fund of Saudi Arabia was increased by $1.75 billion, taking pro forma liquidity to $3.75 billion.

BMW Raises 2027 iX5 60 xDrive Range Estimate to 450 Miles Ahead of EPA Rating

BMW has bumped its projected EPA driving range for the upcoming 2027 iX5 60 xDrive—the first battery-electric X5—to as much as 450 miles on a charge, a 15-mile gain over the preliminary figure shared at its June reveal. The updated number remains an internal BMW projection rather than a certified federal rating, with official EPA figures expected in the next few weeks.

Lucid Air Lease Starts at $699 a Month as Automaker Pushes Lower-Cost Offers

The offer gives qualifying customers a lower-cost entry point into the luxury electric sedan, while higher-performance Touring and Grand Touring versions are also available through separate lease deals.

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.

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.

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.

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.

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.

Lucid Air Sapphire and Gravity Shine at Trinitē Road Rally

The rally took participants across a variety of Northern California roads, from winding mountain routes to small coastal towns, providing an extensive test of both vehicles under real-world conditions.

Lucid appears to shade Ferrari’s first EV after Luce launch

The launch places the ES9 directly into competition with other high-end Chinese smart EVs, including the recently updated Aito M9 backed by Huawei.

VW Keeps Door Open for Scout IPO as EV Startup Strategy Expands

The executive said the setup could allow the brand to follow EV startups such as Tesla, Rivian, and Lucid in achieving high market valuations.

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.

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.

Lucid Marketing Chief Exits Amid Leadership Shakeup

The exit comes less than a year after Lucid restructured its marketing organization and as it ramps toward production of its upcoming mid-size model.

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.

Lucid Recalls 3,627 Air Pure Sedans Over Rear-Drive Failure Risk

The updated luxury EV introduces major hardware and software changes, including a larger battery, 800-volt architecture, and new efficiency-focused engineering.

Lucid Recalls 4,476 Gravity SUVs Over Seatbelt Safety Issue

The recall centers on seatbelt anchor welds that fail to meet federal safety standards, prompting repairs or replacements for impacted owners.