Lucid Air

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.

0-60 mph in under two seconds, quarter mile in under nine, and a top speed over 200 mph. Lucid Motors continues to bolster its flagship Air EV by unveiling the new tri-motor Sapphire model at Monterey Car Week today.

Available next year, this new version is touting performance specs to solidify it as one of the fastest production EVs on the planet.

Following a less than stellar Q2 financial report last week, Lucid Motors is diverting the public’s eyes to a shiny new exterior design add-on for the Air sedan called “Stealth Look.” This darker, sportier design replaces thirty-five exterior components on the Air and will come as a choosable option to compliment any of the five color options currently available.

For over a year now, I have been planning a trip up the coast with my parents to San Francisco. What a perfect opportunity to test out the new Lucid Air Grand Touring Performance! Lucid Motors lent me its latest EV, and we were off in search of coastal views, some Chicago Cubs wins, and a genuine test of how the Grand Touring Performance would handle a 450-mile road trip north. Here’s how it went.

During this year’s Goodwood Festival of Speed, Lucid Motors not only publicly debuted its Air Grand Touring Performance for the first time, but raced up the famed hill … quickly. Manned by professional driver Ben Collins, the Lucid Air Grand Touring recorded a time in the Goodwood Hillclimb Timed Shootout fast enough to claim the crown as fastest production car.

Today Lucid Motors announced a new digital financing platform called Lucid Financial Services to provide lease and loan purchase options to Air EV customers in the United States. The financing options are provided through a strategic relationship between Lucid Group and Bank of America.

News emerged today that Lucid Motors has issued its second recall on its flagship Air sedan. According to the American EV automaker, the issue concerns a wired data connection to the instrument panel that may not have been secured properly during a given vehicle’s assembly.

American EV automaker Lucid Motors shared its Q1 numbers for 2022, today reporting nearly $58 million in revenue despite a slow uptick of deliveries. Additionally, Lucid announced substantial price increases to multiple trims of its Air sedan for any new reservations beginning June 1.

Lucid Group has announced a new agreement with long-time supporter Saudi Arabia and its Ministry of Finance. Under the terms of the agreement, the Government of Saudi Arabia has committed to purchasing 50,000 EVs from Lucid Motors over the next ten years, with the option to purchase an additional 50k over that same timeframe.

Following the start of deliveries of its Air Grand Touring trim, Lucid Motors announced a new Performance version that will arrive this summer. The Lucid Air Grand Touring Performance will deliver over 200 more horsepower than the standard Grand Touring and travel 0 to 60 mph 0.4 seconds faster, although it does come at the cost of some range – oh, and quite a bit more money.

We have seen many automakers benchmark and reverse-engineer Tesla vehicles, but rarely the other way around. Tesla was spotted testing a Lucid Air – which has over 500 miles of range – on its test track at Fremont factory.

American EV automaker, Lucid Motors, is offering the public a glimpse behind its premium leather curtain with a new YouTube series explaining its innovative, and in some cases, industry-leading technologies. The 10-episode series, titled Tech Talks launched today with Lucid Motors’ CEO and CTO, Peter Rawlinson discussing battery packs. Additional episodes are expected to follow regularly.

Lucid Motors shared 4Q and 2021 financial earnings with investors today, alongside a 2022 outlook. While the automaker only delivered 125 of its flagship Air sedan in 2021, it has already surpassed that number in 2022. However, overall output is expected to be quite a bit lower than originally anticipated. Lucid now expects to produce 12,000–14,000 EVs this year, down quite a bit from previous estimates of 20,000.

Lucid Group announced a recall of 203 of its flagship Air luxury sedans today, citing a potential issue surrounding the installation of the front strut damper in the suspension. This appears to be a precautionary recall as no failures of the part have been reported yet, according to Lucid Motors.

I recently had an exclusive opportunity to visit Lucid Motors’ powertrain manufacturing and AMP-1 facilities and test drive a Lucid Air Dream Edition (Performance). Inside and out of my detailed tours full of manic note scribbling, I had tons of time to mingle with members of the Lucid team, from manufacturing employees at AMP-1, to Lucid’s CEO himself. What I discovered was a company-wide focus on teamwork, efficiency, and the utmost quality – an ethos that is apparent when you view the Lucid Air sedan up close.

Update January 28th: Lucid Motors clearly feels strongly about the culture it has created and the talented individuals it employs, as the automaker has shared a new, five-part series showcasing five different employees. The new series, titled “Driving Ambition,” is now available to view on Lucid’s website and YouTube. You can also check out episode one below.

Lucid announced today that it will start deliveries of its Air electric sedan on October 30.

This is a very important milestone for the company.

Following the start of production of its Air sedan, Lucid Motors has now shared new details of DreamDrive, its Advanced Driver-Assistance System (ADAS) with over 30 features. Additionally, the American automaker shared details of a DreamDrive Pro option, which includes LiDAR, and even hinted at a future Highway Pilot upgrade that may deliver conditional hands-free driving capability.

As part of my journey through Arizona for Lucid Motor’s “Production Preview Week,” I was able to catch a glimpse behind the scenes of the automaker’s facilities where the Air sedan is being produced. Even better, Lucid gave me the opportunity to be one of the first non-employees to test-drive the Air Dream Edition – I went for the 1,111 horsepower on the Performance version. Here’s how it went.

During its “Production Preview Week” in Arizona, EV automaker Lucid Motors opened the doors of its AMP-1 production facility to the media, investors, and Air Dream Edition reservation holders to showcase the first customer-quality Air EVs rolling off the assembly line. Lucid shared that it will deliver in late October.