Lucid Air

Relatively young EV automaker Lucid Motors has announced a new referral program for current and incoming owners of its flagship Air sedan. The American automaker is still looking to find a larger audience in the growing EV segment and hopes to incentivize buyers with some tiered perks.

Lucid Motors initially planned to build 10,000 cars in fiscal year 2023, but early Q3 2023 data published by Lucid today would seem to put that figure in serious jeopardy — if not make it an outright impossibility.

This morning, Lucid Motors has announced the launch and immediate start of sales for a new rear-wheel drive (RWD) variant of its Air Pure sedan. Today’s latest trim closes out the lineup of Lucid’s flagship EV, now offering a variety of trims from the RWD pure, the the tri-motor Sapphire. Don’t get it twisted, though, this “most affordable” Lucid model delivers more range than nearly any other EV on the market.

Lucid Motors has officially opened the first-ever EV manufacturing plant in Saudi Arabia. The EV maker announced Wednesday the facility will produce Lucid Air vehicles for the country while exporting to overseas markets.

The Pure Summer Event lives on. EV maker Lucid Motors announced it’s extending the price promotion on the Air electric sedan models for another month.

Lucid Motors (LCID) dropped a teaser for its Lucid Air Midnight Dream Edition featuring its sinister Stealth theme. The blacked-out luxury EV will debut at the International Motor Show (IAA Mobility).

California-based EV maker Lucid Motors issued three separate recalls in the same week, affecting 6,360 Lucid Air electric sedans. However, two of the issues can be fixed through OTA updates.

EV startup Lucid Motors revealed the final specs for its Tesla Model S Plaid-rivaling “luxury electric super-sports sedan” Tuesday. Boasting more than 1,200 hp, the Lucid Air Sapphire accelerates from 0 to 60 mph in a mere 1.89 seconds.

Amid intensifying competition in the EV market, Lucid Motors is drastically reducing prices on its Lucid Air electric sedans with some models over $12,000 off.

California-based EV maker Lucid Motors says its ultrahigh-performance EV, the Lucid Air Sapphire, will be available soon. With over 1,200 horsepower, the Sapphire can keep up with the best, even topping Tesla’s Model S Plaid.

It has now been close to two years since Lucid Motors began rolling its flagship Air sedan off its assembly lines. We were lucky enough to attend Lucid’s launch event and got to test drive the Dream Edition Air. However, even as Lucid’s footprint grows in the US, many consumers have not even seen an Air up close, let alone driven one. Beginning this month, Lucid Group is going on tour with the Air to give US consumers a chance to experience it for themselves.

Another version of the Lucid Air is reaching reservation holders, so naturally, that means it was also time for me to get behind the wheel of it and test it for myself. My latest Lucid EV loan was with the Touring – the third in the lineup and second most affordable option behind the Air Pure. I’ve pushed the Air Dream Edition’s 1,111 horsepower out on the highways of Arizona and have driven the Air Grand Touring up the California coast, but the Touring might just offer the most bang for your buck.

Following a little teaser in early January, Lucid Motors has publicly shared its financial results for Q4 and the full fiscal year 2022 in an investor presentation you can view below. Air EV production was way up to cap off last quarter, leading to revenues over $257 million. As a result of the whole year, Lucid Motors believes it is liquid enough to safely navigate into 2024. Details below.

Lucid Motors isn’t about to let potential customers of the other American EV automakers have all the fun. Just because its EVs don’t qualify for federal tax credits under new terms in the Inflation Reduction Act does not mean customers looking to buy a new Lucid Air can’t get $7,500 off. That’s right – for a limited time, Lucid Motors is offering its own $7,500 credit for purchases of select models of the Air sedan.

Lucid Motors has shared some optimistic news ahead of its detailed Q4 report with investors next month. The young American automaker saw significant production growth over 50% to cap off 2022, helping it surpass its guidance of 7,000 units for the year.

Elon Musk may think Lucid Motors could be on the verge of death as a company, but its latest tri-motor version of its Air sedan sure says otherwise from a speed standpoint. In a recent video you can view below, the team at Hagerty put the Lucid Air Sapphire up against the Tesla Model S Plaid and Bugatti Chiron in a drag race. As if that wasn’t enough, Sapphire took on a Ducati motorcycle head to head as well.

Lucid Group and Panasonic Energy announced they have entered into multi-year agreements that entail the latter supplying lithium-ion batteries to both the Lucid Air and Gravity SUV. Part of the agreement supports Panasonic Energy’s plans to expand outside of Japan and begin production at a new facility in the US.

Less than two weeks after promising to unveil its full electric sedan lineup with the public, Lucid Motors has officially launched the Air Touring with the Air Pure to follow this year. Even as the lowest-tier version of Lucid’s flagship sedan, the Air Pure is promising 410 miles of range and 0-60 mph acceleration in under four seconds. Delicious.

Lucid Motors ($LCID) has posted its financial results for Q3 of 2022 ahead of its earnings call with investors later this afternoon. EV production and Air deliveries continue to grow while cash on hand continues to shrink. Still, Lucid Motors appears to be in good shape headed into 2023 as it looks to soon launch its second model, Project Gravity.

On November 15, Lucid Motors announced it will stream a global launch event called “In the Air and Beyond,” in which the American automaker will debut the final two trims of its flagship sedan – the Air Pure and Air Touring. Lucid is also promising progress updates regarding its business strategy and future EV models like its electric SUV. Here’s what to expect.

Ahead of its full financial report next month, Lucid Motors has shared more optimistic production numbers for Q3, indicating a substantial ramp-up compared to previous quarters. Although the automaker has had to slash its annual output goals twice, Lucid says it remains on par with its latest goal of producing 6,000-7,000 EVs this year.