Lucid unveiled its 2027 Air lineup, streamlining the options across its electric sedan range and adding a new Stealth & Sound Package for the entry-level Air Pure.
The Air Grand Touring keeps its title as the longest-range EV on sale at up to 512 m…
The Cosmos EV is now slated for release in the second half of 2027. CEO Silivo Napoli said he’s focused on getting the EV right as well as its nearer-term robotaxi project with Uber and Nuro.
Lucid’s new CEO Silvio Napoli listed four must-win priorities, including the successful launch of its midsize EV, finishing a factory in Saudi Arabia, cutting expenses, and robotaxis.
The investment comes after speculation that Saudi Arabia may take Lucid Motors private — which the EV maker has denied.
Lucid (LCID) stock was hit with multiple volatility halts and crashed more than 40% on Tuesday after a report claimed the EV maker was weighing Chapter 11 bankruptcy or going private.
Lucid quickly denied the report, calling the speculation “completely…
The company said the “rumors are completely false” after its stock sank more than 50% on a report that it was weighing the option.
The company announced a new slate of executive hires meant to help turn things around, as Gravity SUV sales are not taking off as expected.
Lucid is replacing almost its entire executive team under new CEO Silvio Napoli, bringing in a new CFO, CTO, and three other C-level leaders in a single announcement.
The overhaul lands just over a week after the struggling EV maker cut 18% of its work…
The company is also eliminating a production shift at its Arizona factory to align “production plans with anticipated demand.”
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