Autonews | Lucid faces rising overall expenses by 8% to 15% according to interim Chief Executive Marc Winterhoff prior to implementing any cost reduction strategies.

Rivian and Lucid warn of rising costs as US tariffs take hold

Lucid Group reported a stronger than expected revenue for the third quarter and stuck with its full year production forecast, while acknowledging it was 'challenged' by the wider market.

Lucid surpasses revenue estimates, reaffirms production targets amid strong demand for EVs

Lucid Motors, the luxury electric vehicle manufacturer, has successfully raised approximately USD 1.75 billion through a recent stock sale, exceeding initial projections and securing what CEO Peter Rawlinson describes as a "cash runway well into 2026.

Lucid secures USD 1.75 billion in stock sale

Lucid Group, the ambitious electric vehicle (EV) manufacturer, sent shockwaves through the market on Wednesday with a dual announcement that sparked a significant selloff in after-hours trading.

Lucid Group announces major stock offering and larger Q3 loss projection

Lucid Group announced on Monday that it has secured up to USD 1.5 billion in funding from its largest shareholder, Saudi Arabia's Public Investment Fund. This substantial cash injection comes at a crucial time for the luxury EV manufacturer as it gears up for the production of its highly anticipated Gravity SUV.

Lucid secures USD 1.5 billion funding boost ahead of electric SUV launch

Electric vehicles can be seen very often on the NHTSA recall list because they are still at a nascent stage and have a lot of software in them. The latest car to be included in this list is the Lucid Air, an electric sedan that has been cited for severe safety concerns in some models produced between the years 2022 and 2024.

Lucid Air faces safety recalls for power loss and defrost failures

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