Welcome to our dedicated page for Lucid Group news (Ticker: LCID), a resource for investors and traders seeking the latest updates and insights on Lucid Group stock.
Lucid Group Inc (NASDAQ: LCID) drives innovation in luxury electric vehicles through advanced engineering and vertical integration. This dedicated news hub provides investors and industry observers with official updates on Lucid's technological advancements, financial performance, and strategic initiatives.
Access timely announcements including quarterly earnings, new model launches, manufacturing expansions, and leadership updates. Our curated collection eliminates market noise by focusing exclusively on verified developments from Lucid's corporate communications.
Key content categories include powertrain innovations, retail network growth, sustainability initiatives, and partnership announcements. Bookmark this page for reliable updates on LCID's progress in redefining electric mobility through clean-sheet engineering and direct-to-consumer strategies.
Lucid Group (LCID) has announced the pricing of $1 billion in convertible senior notes due 2030, with a 5.00% annual interest rate. The notes will be convertible into cash, LCID common stock, or a combination at Lucid's discretion, with an initial conversion rate of 333.3333 shares per $1,000 principal amount, representing a conversion price of approximately $3.00 per share.
The company expects net proceeds of approximately $983.6 million, which will be used primarily to fund repurchases of existing 2026 notes ($935.6 million) and capped call transactions ($107.5 million). The notes will mature on April 1, 2030, unless earlier repurchased, redeemed, or converted.
In connection with the offering, Lucid has entered into capped call transactions to reduce potential dilution, with a cap price of $4.80 per share. Additionally, Ayar Third Investment Company, a subsidiary of Saudi Arabia's Public Investment Fund, has entered into a $430 million prepaid forward transaction for LCID common stock.
Lucid Group (LCID) has announced plans to offer $1 billion in convertible senior notes due 2030, with an additional $100 million option for initial purchasers. The notes will be senior, unsecured obligations with semi-annual interest payments, maturing on April 1, 2030.
The company plans to use the proceeds to repurchase a portion of its outstanding 1.25% Convertible Senior Notes due 2026 and fund capped call transactions. The notes will be convertible under certain conditions, with Lucid having the flexibility to settle conversions in cash, common stock, or a combination thereof.
In conjunction with the offering, Lucid will enter into capped call transactions to reduce potential dilution. Additionally, Ayar Third Investment Company, a subsidiary of Saudi Arabia's Public Investment Fund, will enter into a prepaid forward transaction that could influence LCID's stock price during the notes' pricing.
Lucid Group (NASDAQ: LCID) has released its Q1 2025 production and delivery figures. The luxury EV manufacturer produced 2,212 vehicles in the quarter ending March 31, 2025, with an additional 600+ vehicles in transit to Saudi Arabia for final assembly. The company delivered 3,109 vehicles during the same period.
The company will discuss its complete Q1 2025 financial results in an upcoming earnings call scheduled for May 6, 2025 at 2:30 PM PT / 5:30 PM ET. To improve shareholder engagement, Lucid is collaborating with Say Technologies to implement a Q&A platform where investors can:
- Submit and upvote questions from April 22 to May 5, 2025
- Access the platform at app.saytechnologies.com/lucid-group-2025-q1
- Watch the live webcast at ir.lucidmotors.com
The company notes that production and delivery numbers are just one performance metric and should not be considered sole indicators of quarterly financial results.
Lucid Group (NASDAQ: LCID) announced a significant leadership transition as CEO Peter Rawlinson steps down from his roles to become Strategic Technical Advisor to the Chairman. Marc Winterhoff, the company's Chief Operating Officer, has been appointed Interim CEO while the Board initiates a search for a permanent chief executive.
Rawlinson's departure comes after twelve years with the company and following the successful launch of the Lucid Gravity. Under his leadership, Lucid evolved from a small startup to a recognized technological leader in sustainable mobility. The transition is part of the company's regular succession planning process.
Winterhoff will focus on ramping up production of the Lucid Gravity, preparing for the launch of three midsize platform vehicles, developing the low-cost Atlas drive unit, and implementing aggressive cost reduction measures. The company aims to position itself for long-term growth and gross margin improvement.
Lucid Motors (LCID) reported its Q4 and full year 2024 financial results, achieving production of 3,386 vehicles in Q4 and 9,029 vehicles for the full year, meeting their 2024 guidance. Vehicle deliveries reached 3,099 in Q4 and 10,241 for 2024, marking increases of 79% and 71% compared to 2023 respectively.
Q4 revenue was $234.5 million, with annual revenue reaching $807.8 million. The company reported a GAAP net loss per share of $(0.22) in Q4 and $(1.25) for 2024. Lucid ended Q4 with $6.13 billion in total liquidity and announced 2025 production guidance of approximately 20,000 vehicles.
The company also announced a leadership change, with COO Marc Winterhoff appointed as Interim CEO, while Peter Rawlinson transitions to Strategic Technical Advisor to the Chairman of the Board.
Lucid Motors has announced the availability of its Lucid Gravity SUV for Canadian customers, with the Grand Touring model starting at $134,500 CDN and the Touring version at $113,500 CDN. The Grand Touring model features dual electric motors delivering 828 horsepower and over 720km of projected range.
The vehicle offers seating for up to seven adults and nearly 3,400 litres of cargo space. Notable features include NACS charging compatibility with Tesla's Supercharger network and 400 kW fast charging capability. The Grand Touring model can charge at up to 400 kW on 1000V equipment and 225 kW on 500V architecture, adding approximately 200 miles in under 12 minutes.
The Gravity comes with six exterior color options, wheel sizes from 20 to 23 inches, and five interior themes. Standard features include two-row seating, with an optional third row available. The Comfort & Convenience Package, standard in Canada, includes auto-cinching soft-close doors, heated features, and active cabin air filtration.
Lucid Group (NASDAQ: LCID) has announced the promotion of Emad Dlala to Senior Vice President of Powertrain, effective immediately. In his expanded role, Dlala will continue overseeing powertrain development and engineering, including drive units, power electronics, batteries, and Lucid's efficiency and charging strategy.
Dlala, who has been with Lucid since 2015, has played a important role in developing breakthrough technologies for the Lucid Air and Gravity models. He brings over 20 years of engineering experience, previously serving as Senior Application Engineer at ANSYS Inc. He holds a PhD and M.Sc. in Electrical Engineering from Aalto University, Finland, and a B.Sc. from Al-Zawiya University, Libya.
Lucid Group (NASDAQ: LCID) has announced the appointment of Taoufiq Boussaid as Chief Financial Officer, effective February 25, 2025. Current Interim CFO Gagan Dhingra will be promoted to Senior Vice President, Finance and Accounting, maintaining his role as Chief Accounting Officer and reporting to Boussaid.
Boussaid, 53, brings significant public company finance experience, most recently serving as Group CFO of N.V. Bekaert S.A. from July 2019 to October 2024. His previous roles include leadership positions at Bombardier Transportation and United Technologies CEO Peter Rawlinson highlighted that Boussaid's appointment comes at a important time as the company ramps up production of the Lucid Gravity SUV and prepares for the launch of its midsize vehicles.
Lucid Group (NASDAQ: LCID) has revealed details about its Lucid Gravity SUV's powertrain and charging capabilities. The vehicle features a 450-mile EPA range and 400 kW fast charging capability. Starting January 31st, 2025, Gravity will have access to Tesla's Supercharger network across the US and Canada without requiring an adapter.
The SUV employs a 926V powertrain platform with a 123 kWh battery and features innovative charging technology that enables charging speeds up to 400 kW, adding 200 miles in under 12 minutes. The vehicle includes bi-directional charging supporting up to 80 A at 19.2 kW and features RangeXchange capability for charging other EVs.
Lucid Gravity, which began deliveries in December 2024, will be available in two models: the Touring model starting at $79,900 (late 2025) and the Grand Touring from $94,900. The company also announced plans to extend Tesla Supercharger network access to Lucid Air in Q2 2025.
Lucid Group (NASDAQ: LCID) has announced Canadian pricing for its new Lucid Gravity SUV. The Touring model will start at $113,500 CDN, while the Grand Touring model will be priced from $134,500 CDN. The Grand Touring version offers 828 horsepower and a projected range exceeding 720 kilometers.
The vehicle features nearly 3,400 litres of total cargo space, including a frunk with an optional seat for two adults when parked. Powered by in-house electric motors and a 123kWh battery pack, the Gravity accommodates up to seven adults. Orders for the Grand Touring model will open soon, with the Touring model becoming available in late 2025. The vehicle includes an optional three-chamber air suspension system for adaptive handling across different terrains.
FAQ
What is the current stock price of Lucid Group (LCID)?
What is the market cap of Lucid Group (LCID)?
