Lucid Group reported it delivered nearly 2,800 vehicles, which surpassed the expectations of analysts. The results are also in contrast to fellow EV startup Rivian. Get details about the results and what’s next at Headlight.News.
Lucid
Norway, Land of the Midnight Sun, Lutefisk … and EVs
Conventional wisdom might seem to suggest that EVs have come unplugged, with traditional automakers such as Ford Motor Co. and Volkswagen AG pulling back on their plans to go all-electric. But don’t tell that to the folks in Norway. As contributing editor Joe Szczesny discovered during a visit this week, you’ll have to look hard to find a new vehicle drawing power from a tank of gasoline.
Is Musk’s Political Shift Hurting Tesla?
As the CEO of Tesla and an outspoken advocate of green technology, Elon Musk developed a large and loyal fanbase and was frequently credited as a major force helping to build demand for the automaker’s EVs. But things have changed over the nearly two years since Musk purchased what was then Twitter and began a visible shift towards the political right. That’s changed perceptions of the South African-born Musk for many former fans. But is that costing Tesla sales? Headlight.News has this story.
Lucid Teases Tesla Model Y Fighter
After talking up its next vehicle in its lineup, Lucid Motors revealed a teaser of what will follow the Gravity. Officials say the new model, which will hit the streets in late 2026, aims to compete with the Tesla Model Y. Get details at Headlight.News.
Lucid CEO Says Company Has Surpassed Tesla As Tech Leader
Lucid CEO Peter Rawlinson says that the company has surpassed Tesla as tech leader in the EV segment as the company prepares to heat up its rivalry with Elon Musk with the upcoming release of the Gravity three-row EV SUV.
Lucid Secures More Funding, Beats Analysts Q2 Earnings Estimates
EV maker Lucid Motors offered up good news during its second quarter earnings call as it secured as much as $1.5 billion in new cash just in time to begin production of its second vehicle, the Gravity SUV. The company also managed to beat analysts’ estimates for the quarter. Find out more at Headlight.News.
EVs Are Twice as Energy-Efficient as Gas Vehicles
Battery-electric vehicles use half as much energy to run a given distance as do vehicles powered by gasoline, according to a new study by Yale University. And the cleaner and more efficient the source of electricity used to charge a vehicle the better the equation gets.
Lucid Pushes Efficiency to New Levels with 2025 Air Pure Model
Many EV makers want to see just how far they can get their vehicles to travel on a single charge or how fast it can recharge using a fast DC charger, but Lucid’s improved its industry-leading efficiency to a new high. Find out more at Headlight.News.
Foreign Brands Now Produce More Vehicles in the U.S. than Detroit’s Big Three
It’s been four decades since Honda started building Accords at a new plant in Marysville, Ohio. Today, foreign-owned manufacturers are producing more vehicles in the U.S. than Detroit’s Big Three. And the gap is only expected to widen, in part due to local production mandates covering battery-electric vehicles, reports Headlight.News.
Lucid Gets a Reprieve as Price Cuts Help it Gain Market Traction – But Saudi Cash Remains Key
It’s been a tough year for EV start-ups, Fisker filing for bankruptcy, and several others expected to follow. But there have been a few glimmers of hope. Price cuts helped Lucid outperform sales expectations during the second quarter, buying it time to bring a second product line to market later this year. But with Wall Street still skeptical, the California manufacturer remains critically dependent on cash from the Saudis, Lucid’s largest investor.
Twork Named New Lucid PR Chief as it Enters a Critical Phase
Lucid Group named a new PR chief, Nick Twork taking on global communications duties at the EV start-up. The move comes at a critical time for the Silicon Valley-based automaker. While its initial product line, the Air sedan, has received generally favorable reviews, Lucid has been struggling with sluggish sales and a rapid cash burn while waiting for the more mainstream Gravity SUV to debut later this year.
Jeep Electrifies – Lucid and Fisker Cut Jobs – New BMW 3-Series – Chevy Equinox Review and This Week In Automotive History
Headlight News for The Week of 6-3-2024 – Jeep Electrifies – Lucid and Fisker Cut Jobs – New BMW 3-Series – Chevy Equinox EV Review – This Week in Automotive History