Lucid Motors is changing CEOs for the first time in nearly six years. The company announced Tuesday that Peter Rawlinson is stepping down from the CEO and CTO roles that he’s held since before the company went public. Lucid appointed its chief operating officer Marc Winterhoff as its interim CEO. Rawlinson will serve as “strategic […]
Lucid Motors sets third straight quarterly sales record ahead of Gravity SUV launch
Lucid Motors has now officially sold more EVs this year than it did in all of last year, and with three months to go in 2024. The milestone comes after Lucid announced Monday it delivered 2,781 vehicles in the third quarter of 2024. That’s a third straight record quarter for deliveries, though Lucid is still […]
Lucid Motors’ Gravity SUV will have Tesla charging built in
Lucid Motors is just a few months away from finally launching its electric SUV, and the company now says the upcoming vehicle — dubbed Gravity — will have Tesla’s North American Charging Standard (NACS) built right in, making an adapter unnecessary. Lucid announced the news ahead of a planned “Technology and Manufacturing Day” event at […]
Lyft ‘opens a can of whoop ass’ on surge pricing, Tesla’s Dojo explained and Saudi Arabia pumps $1.5B into Lucid
Welcome back to TechCrunch Mobility — your central hub for news and insights on the future of transportation. Sign up here for free — just click TechCrunch Mobility! Anyone paying even a little bit of attention to Tesla has probably heard about Dojo. Tesla CEO Elon Musk has referenced Dojo repeatedly over the years, oftentimes […]
Lucid pumps $1.5B from Saudi wealth fund after CEO warned relying on its ‘bottomless wealth’ was ‘dangerous’
Saudi Arabia is committing even more money to Lucid Motors as the EV startup struggles to erase its losses. Lucid announced Monday as part of its second-quarter earnings report that an affiliate of the Saudi sovereign wealth fund is committing another $ 1.5 billion, with half coming in the form of a private placement and […]