Latest Lucid Motors News & Updates

See the latest news and media coverage for Lucid. We track all announcements, press releases, and industry mentions in real time, all in one place.

Lucid Motors (Lucid)

Luxury electric vehicle manufacturer

lucidmotors.com

Headquarters: Newark, United States
Founded year: 2016
Company type: Public company
Number of employees: 1,000–8,000

Last updated Today

Latest news about Lucid Motors (Lucid)

In short: Lucid underwent major leadership changes and workforce reductions while securing $1.05 billion for its ambitious robotaxi expansion.

Company announcements

June 1 Lucid

Lucid's Silvio Napoli assumes CEO role

He was previously announced on April 14 and brings decades of experience from Schindler Group.

May 5 Lucid

Lucid announced first quarter 2026 financial results

The company produced 5,500 vehicles, delivered 3,093, and raised $1.05 billion from PIF and Uber.

April 14 Lucid

Lucid announces public offering and investments totaling $1.05 billion

The offering includes $300 million common stock, $200 million from Uber, and $550 million from PIF affiliate.

April 14 Lucid

Lucid will receive $750M in new investments from PIF and Uber

Uber increases investment to $500 million and expands robotaxi partnership to at least 35,000 Lucid vehicles.

Media coverage

June 23 International Business Times

Lucid Motors Fires 18% of Workforce and Axes COO Marc Winterhoff as EV Market Slowdown Hits Hard

Lucid Group has cut 18% of its US workforce and eliminated the COO role, aiming to streamline operations and improve financial stability amid ongoing challenges.

June 22 Ars Technica

Lucid lays off 1,500 workers in second big cut of the year

Among those receiving severance will be Marc Winterhoff, Lucid's COO and previously acting CEO, who took the helm in February after the original CEO, Peter...

June 22 TechCrunch

Lucid Motors’ new CEO cuts 18% of staff to ‘simplify the company’

The company is also eliminating a production shift at its Arizona factory to align "production plans with anticipated demand...

June 10 MSN

Lucid's Top Engineer Departs The EV Startup As New CEO Takes Over

Emad Dlala, Lucid's senior vice president of engineering and software, has left the company, TechCrunch reports.

Never miss news about Lucid

Track Lucid and your other target companies to get real-time alerts and weekly summaries delivered straight to your inbox.

Lucid competitors & trending companies

Browse news for competitors to Lucid and other trending companies.