Tesla discontinuing Model S and Model X to make room for robots | The Verge

Less competition for Lucid

Lucid Just Made The First Prototypes Of Its Upcoming Mid-Size SUV

This news article discusses Lucid's first prototypes of its upcoming mid-size SUV, which is expected to enter production in late 2026. The new platform, codenamed Project Midsize, aims to improve manufacturability and cost structure, potentially making it more affordable for consumers. Analysts predict the SUV will start at around $50,000, which is a significant drop from Lucid's current offerings. The new platform is designed to be cheaper from the start, and if Lucid can replicate the success of its previous vehicles, the competition in the mid-size electric SUV market could intensify.

Lucid CEO Says 50k-Vehicle Saudi Order to Accelerate in 2027 With Midsize Launch | EV

Lucid Motors plans to ramp up deliveries of its 50,000-vehicle order from the Saudi government in 2027, with the launch of its midsize model, according to interim CEO Marc Winterhoff. The Saudi government signed an agreement in April 2022 to purchase up to 100,000 vehicles over ten years, with the initial commitment of 50,000 vehicles. The Saudi Public Investment Fund (PIF) holds more than 50% of Lucid's stock and has invested over $9 billion since 2018. The vehicles will be built at Lucid's Arizona factory and its Saudi Arabia manufacturing facility, with deliveries expected to commence no later than the second quarter of 2023.

Lucid Gutted Its Software Team. Will Its Key Fobs Work Now?

Lucid has replaced its entire software leadership team after the buggy launch of the Gravity SUV and ongoing issues with the Air sedan. The interim CEO, Marc Winterhoff, stated that they are working through these problems, with an expected resolution by the end of January or March at the latest. Issues with the Gravity include erroneous key fob alerts and navigation system failures, while the Air suffers from a short key fob range and media control malfunctions. Lucid aims to address these problems to improve customer experience.

Lucid CEO: 'I Replaced The Software Team' After The Gravity's Buggy Launch

Lucid Motors' interim CEO, Marc Winterhoff, replaced the software team after the buggy launch of the Lucid Gravity SUV, which had issues like glitching screens and a malfunctioning key fob. Lucid has released several over-the-air updates to address these problems, with the final glitches expected to be fixed by the end of January or at the latest, the end of March.

Lucid: RBC Capital Joins Baird in Cutting Price Target to $14 | EV

RBC Capital Markets reduced its price target for Lucid Motors by 30% to $14 from $20, following Baird's similar move. The cuts come amid ongoing challenges for Lucid, including software issues, a CEO search, and high cash burn rates. Despite meeting its 2025 production guidance and unveiling a robotaxi at CES, Lucid's stock hit an all-time low. The company has fired several software staff and expects to resolve software problems by the end of March.

Lucid aims to exterminate software bugs infesting Air, Gravity - Automotive News

Lucid Seeks International Funding Beyond PIF as Stock Hits New Record Low | EV

Lucid Motors' shares hit a new all-time low as interim CEO Marc Winterhoff announced the company is seeking additional international funding beyond its main backer, Public Investment Fund (PIF). Despite PIF's significant investment, Lucid is exploring new financing options as it prepares for expansion in Europe and plans to produce its mid-size platform in Saudi Arabia.

I Asked Lucid’s CEO the One Question Everyone’s Avoiding

This video interview with Lucid's CEO covers a range of topics including the future of autonomous driving, Lucid's plans for the next five years, and the potential for Tesla owners to join the Lucid fleet.