Lucid
Coverage of Lucid in the Nexus archive.
- Lucid’s turnaround plan hinges on $1.4B in cash savings, robotaxis
Lucid’s new CEO Silvio Napoli has outlined four key priorities for the company’s turnaround plan, including the launch of a midsize EV, completing a factory in Saudi Arabia, reducing expenses, and developing robotaxis. The plan aims to achieve $1.4 billion in cash savings.
- Lucid misses second-quarter expectations as EV maker conducts 'operational reset'
Lucid missed second-quarter expectations as the EV maker conducts an 'operational reset.' New CEO Silvio Napoli suspended production expectations earlier this year.
- The Lucid dream can continue on a bed of Saudi money
Lucid, an electric-car maker, is receiving financial backing from Saudi Arabia's Riyadh, which may help the company navigate its current financial challenges.
- Lucid stock plunged on a bankruptcy report. The company called it false
Lucid stock dropped following a report by an EV blog claiming the company was considering Chapter 11 bankruptcy or going private based on advice from AlixPartners. Lucid denied the claims, calling the report false.
- Lucid denies bankruptcy talk, but the stock still sinks to a record low
Lucid denied bankruptcy rumors, but its stock fell to a record low, dropping more than 50% intraday before recovering most of the losses after the company's denial.
- Lucid bankruptcy rumors see EV maker's stock plummet
Lucid, an EV maker, experienced a significant stock drop following rumors of potential bankruptcy. Shares fell by 55% after a report from media outlet EV suggested the company was considering bankruptcy.
- California's new EV incentive gives a leg up to Lucid and Rivian
California's new EV incentive program, MyFirstEV, offers $3,500 rebates for first-time buyers of new EVs priced under $50,000. However, California-based EV manufacturers like Rivian and Lucid are exempt from the price cap, allowing their higher-priced vehicles to qualify. Tesla, which moved its corporate headquarters out of California, is excluded from the exemption and must comply with the price cap.
- The car brands with the nicest interiors in 2026, ranked
The article ranks car brands with the best interiors in 2026, highlighting Lucid's Gravity SUV with a 9.8 rating and Kia's Telluride leading its near-luxury mainstream interiors.
- Lucid layoffs: Bay Area EV maker cuts 18% of workforce
Bay Area electric vehicle maker Lucid has announced plans to reduce its workforce by approximately 18%. The company filed with the U.S. Securities and Exchange Commission, stating the cuts aim to streamline operations and optimize expenses to advance its path toward profitability.
- Why Nuro thinks being a robotaxi ‘second mover’ gives it an advantage
Nuro, a former delivery robot company, has shifted to robotaxis in 2024 and partnered with Uber and Lucid to deploy tens of thousands of vehicles across the US, securing hundreds of millions in funding. The company believes being a 'second mover' in the robotaxi space offers strategic advantages over leader Waymo.
- EV maker Lucid suspends production guidance amid incoming CEO's business review
Lucid Group suspends production guidance as it reviews its business strategy under an incoming CEO. The company aims to align production with customer demand for its luxury all-electric vehicles. This move indicates a shift in Lucid's operational approach.
- Lucid sells more robotaxis to Uber, appoints a new CEO
Lucid expanded its robotaxi deal with Uber, increasing the purchase of Gravity SUVs from 20,000 to 35,000 units. The company also appointed a new CEO from an elevator/escalator manufacturer, marking a shift in leadership.
- Lucid Names CEO as Saudi PIF, Uber Commit Another $750 Million
Lucid has appointed a CEO linked to Saudi PIF, while Uber commits an additional $750 million in funding. The article mentions the Lucid Gravity sport utility vehicle as part of the company's offerings.
- Uber and Nuro begin testing premium robotaxi service in San Francisco
Uber and Nuro have launched testing for a premium robotaxi service in San Francisco. Uber employees can now request Lucid robotaxis as part of the trial.
- Slate Auto raises $650 million as production gets closer and closer
Slate Auto, an electric pickup startup, raised $650 million in funding as production nears. The company differentiates itself by targeting affordable pricing, aiming to undercut the Ford Maverick XL in the U.S. market.