Lucid Motors
Coverage of Lucid Motors in the Nexus archive.
- Lucid's new CEO says the EV maker launched cars before they were ready and let customers down
Lucid's new CEO, Silvio Napoli, admitted the company launched vehicles before they were ready, leading to software issues in the Air and Gravity models. The company reported a $1 billion net loss, delayed the Cosmos midsize SUV to 2027, and announced workforce reductions.
- Lucid denied bankruptcy rumors. Its make-or-break midsize EV is still a race against time.
Lucid Motors denied bankruptcy rumors and confirmed it is not considering going private, stating it has sufficient liquidity to fund operations through 2027. The company is preparing to launch its mass-market SUV and has engaged AlixPartners for operational improvements, while recent layoffs and financial challenges highlight its ongoing turnaround efforts.
- Before Lucid axed his role and downsized, the COO told us about the company's robotaxi bet
Lucid Motors eliminated the COO role and cut 18% of its workforce to focus on profitability. The ex-COO emphasized a capital-efficient robotaxi strategy through partnerships with Uber and Nuro, targeting a 2026 San Francisco launch with 35,000 vehicles.
- Top Lucid Motors executive departs amid new CEO’s leadership shakeup
Emad Dlala, a top Lucid Motors executive, has departed after being promoted to SVP of engineering and digital. His exit occurs amid leadership changes under Lucid's new CEO.
- Lucid Motors doesn’t know how many EVs it will build this year
Lucid Motors has withdrawn its production guidance for the year due to swelling inventory and company-wide cost-cutting measures. The company is uncertain about the number of EVs it will build this year. This decision reflects the current challenges in the electric vehicle manufacturing industry.
- Uber taps Hertz to clean, charge, and fix its Lucid Motors robotaxis
Uber has partnered with Hertz to manage its fleet of Lucid Motors robotaxis through Hertz's new affiliate, Oro Mobility. The partnership involves cleaning, charging, and repairing the autonomous vehicles as part of fleet management services.
- Lucid Motors names new CEO, lands more money from Uber and Saudis
Lucid Motors has appointed a new CEO after a year-long search following Peter Rawlinson's resignation. The company also secured additional funding from Uber and Saudi investors.