Lucid Motors

BPublic (NASDAQ: LCID)Founded 2007🇺🇸Newark, California

CEO

Marc Winterhoff (Interim CEO)

Overview

Lucid Group is a Silicon Valley EV and technology company building the Lucid Air sedan and Lucid Gravity SUV around proprietary, software-defined vehicle architectures focused on range, efficiency, and performance. Under interim CEO Marc Winterhoff, Lucid is centered on scaling Gravity, expanding autonomy and robotaxi partnerships, and bringing its lower-cost midsize platform to market as it pushes toward profitability and positive free cash flow.

Main Products

Lucid Air

Active

Ultra-luxury electric sedan with industry-leading range and efficiency. Features Lucid's proprietary 900V architecture and miniaturized drive units. Available in Pure, Touring, Grand Touring, and Sapphire trims — the Sapphire producing 1,234 hp with a 1.89-second 0–60 time.

In production since 2021 and now sold as the 2026 lineup, with pricing from $70,900 for Air Pure to $249,000 for Sapphire.

Range (Max, EPA)512 miles (Grand Touring)

0–60 mph (Sapphire)1.89 s

Horsepower (Sapphire)1,234 hp

Starting Price$70,900 (Pure)

Lucid Gravity

Active

All-electric luxury SUV with three rows of seating, built on Lucid's 900V platform. Designed to combine the Air's range and performance leadership with SUV versatility, targeting the premium SUV market against the BMW iX, Mercedes EQS SUV, and Tesla Model X.

Deliveries are underway and Gravity is now sold as the 2027 lineup, led by Touring and Grand Touring variants.

Range (EPA est.)Up to 450 miles

0–60 mph3.4 s

SeatingUp to 7 adults

Starting Price$79,900

What's Next

Commercial robotaxi launch with Uber and Nuro

Complete validation and launch the first commercial Lucid-Nuro-Uber robotaxi service in the San Francisco Bay Area, building on autonomous on-road testing that began in December 2025.

2026

Production ramp to 25,000-27,000 vehicles

Scale production to 25,000-27,000 vehicles in 2026, driven by the Gravity ramp, broader commercial reach, and continued manufacturing and unit-cost improvements.

2026

Bring the midsize platform to market

Launch the first Atlas-based midsize vehicles, starting with Cosmos and Earth below $50,000, to move Lucid beyond the luxury niche and improve scale economics.

2026-2027

Path to profitability and free cash flow

Translate Gravity scale, software and services revenue, and tighter capital discipline into sustainable profitability and positive free cash flow.

2026-2027

Operations & Revenue

StatusOperational

Lucid is operational and scaling Gravity production while preparing the first commercial deployment of its Lucid-Nuro-Uber robotaxi service later in 2026. The company remains unprofitable, but ended 2025 with approximately $4.6B in total liquidity and is using 2026 to push sustainable growth and progress toward profitability.

Revenue Streams

Vehicle Sales

Sales of the Lucid Air sedan and Lucid Gravity SUV remain Lucid's core revenue driver, with Gravity now the main near-term growth lever.

Powertrain Technology Licensing

Lucid licenses and supplies proprietary EV powertrain, battery, and charging technology to commercial partners, most notably through its long-term strategic technology agreement with Aston Martin.

Software, Services, and Autonomy

Management is building recurring revenue around software features, services, platform licensing, and robotaxi partnerships as part of Lucid's path to scale and profitability.

Key Metrics

Employees

~9,000

Est. Annual Revenue

~$1.35B (2025)

2025 Production

17,840 vehicles

2025 Deliveries

15,841 vehicles

2026 Production Guidance

25,000–27,000 vehicles

Range Record

749 miles (Guinness World Record)

Liquidity

~$4.6B

Timeline

2026Investor Day unveils midsize platform and robotaxi push

At Investor Day, Lucid detailed its Atlas drive unit, introduced the Cosmos and Earth midsize vehicles priced to start below $50,000, highlighted recurring software and mobility revenue plans, and expanded its robotaxi roadmap with Uber.

2025CEO transition

Peter Rawlinson stepped aside in February 2025 and moved into a Strategic Technical Advisor role to the chairman, with Marc Winterhoff appointed interim CEO as Lucid entered its next operating phase.

2025Gravity ramp and stronger delivery growth

Lucid ramped Gravity production and finished 2025 with 17,840 vehicles produced, 15,841 delivered, and $1.35B in revenue, while outlining robotaxi and midsize programs as its next growth platforms.

2023Saudi Arabia factory opens

Opens AMP-2 factory in Saudi Arabia for semi-knockdown assembly. Unveils the Lucid Gravity SUV at the LA Auto Show.

2021SPAC IPO and first deliveries

Goes public on NASDAQ via SPAC merger with Churchill Capital Corp IV at $24B implied valuation, raising ~$4.4B. Begins Lucid Air production at the Casa Grande, Arizona factory (AMP-1) in September and first customer deliveries in October.

2019Saudi PIF $1B investment

Saudi Arabia's Public Investment Fund (PIF) invests $1 billion in Lucid, becoming the majority shareholder. Peter Rawlinson is named CEO.

2016Rebranded to Lucid Motors

Atieva rebrands as Lucid Motors in October, pivoting from a powertrain supplier to a full luxury EV manufacturer with plans for a flagship sedan.

2007Founded as Atieva

Bernard Tse and Sam Weng found Atieva to develop EV batteries and powertrains, initially focused on supplying technology to other automakers.

Funding

Round	Date	Amount	Investors
PIF Investment	April 2019	$1B	Saudi Arabia Public Investment Fund (PIF)
SPAC Merger (IPO)	July 2021	~$4.4B	Churchill Capital Corp IV, PIF retained ~60%
2030 Convertible Notes	April 2025	$1.1B	Qualified institutional buyers; supported by PIF prepaid forward structure
2031 Convertible Notes	November 2025	$875M	Qualified institutional buyers; Ayar/PIF support via prepaid forward transaction