Lucid Group’s customer reservations top 17,000 since end of third quarter

Lucid Group completed its first quarter as a public company with a booming stock price and customer deliveries underway, as it seeks to grab the top spot in the burgeoning luxury EV market. The company has come a long way since its founding as Atieva in 2007. After shifting its focus from EV battery and […]

Lucid Motors kicks off market debut with EV factory expansion plans

Lucid Group (formerly Lucid Motors) will be expanding its factory in Casa Grande, Arizona, by 2.7 million square feet, CEO Pete Rawlinson said Monday just hours after the company officially went public with a $4.5 billion injection of capital. The company also said it has 11,000 paid reservations for its flagship luxury electric sedan, the […]

Lucid Motors’ SPAC merger approved after executives issue plea to shareholders to vote

Shareholders approved Friday EV startup Lucid Motors’ merger with special purpose acquisition company Churchill Capital IV, after the companies extended the deadline by one day because not enough retail investors showed up to cast their vote. The issue is an unusual but could become more common as more companies eschew the traditional IPO path to […]