Lucid Motors

Lucid Motors

Manufactures luxury electric vehicles in USA

About Lucid Motors

Simplify's Rating
Why Lucid Motors is rated
B-
Rated D+ on Competitive Edge
Rated B on Growth Potential
Rated A on Differentiation

Industries

Automotive & Transportation

Energy

Company Size

5,001-10,000

Company Stage

IPO

Headquarters

Newark, California

Founded

2016

Overview

Company Historically Provides H1B Sponsorship

Lucid Motors manufactures electric vehicles (EVs) in California, focusing on high-performance and luxury models for environmentally conscious consumers. Their vehicles are designed and assembled in the U.S., utilizing advanced in-house technology that enhances efficiency and extends driving range. This technology allows for longer travel distances with fewer batteries, making the cars lighter and more sustainable by reducing the need for precious metals. Lucid Motors differentiates itself from competitors by using a direct-to-consumer sales model, which enables them to manage the entire customer experience from design to service without traditional dealerships. Their goal is to transform the automotive industry through sustainable technology while offering a range of models, including the Pure AWD, Touring, and Grand Touring, along with various customer incentives.

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Simplify's Take

What believers are saying

  • Acquisition of Nikola's Arizona facility boosts production capacity and lowers costs.
  • Partnership with Blacklane expands market opportunities in the Middle East.
  • Collaboration with KAUST aligns with sustainable technology advancements and innovation.

What critics are saying

  • Integration challenges from Nikola acquisition may affect operational efficiency.
  • Direct-to-consumer model may limit market reach compared to traditional dealerships.
  • Focus on luxury EVs may restrict customer base amid affordable competitor options.

What makes Lucid Motors unique

  • Lucid Motors offers advanced EV technology for greater efficiency and longer driving range.
  • The company operates a direct-to-consumer sales model, enhancing customer experience control.
  • Lucid's in-house technology reduces precious metal use, making vehicles more sustainable.

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Funding

Total Funding

$12037M

Above

Industry Average

Funded Over

9 Rounds

Post IPO Convertible funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Convertible Funding Comparison
Coming Soon

Benefits

Family Medical Leave

Remote Work Program

Health & Wellness - Dental Benefits, Disability Insurance, Flexible Spending Account (FSA), Health Insurance Benefits, Life Insurance, Vision Benefits, Fitness Subsidies

401(K)

Paid Volunteer Time

Paid Holidays

Paid Sick Days

Stock Price

Growth & Insights and Company News

Headcount

6 month growth

↓ -1%

1 year growth

↑ 0%

2 year growth

↓ -2%
Alertify
Jun 5th, 2025
Blacklane and Lucid Expand Sustainable Luxury Transport in Saudi Arabia

Through this collaboration, Lucid's vehicle lineup will be integrated into Blacklane's chauffeur service platform across the Kingdom of Saudi Arabia.

Transport Topics
Jun 3rd, 2025
Buyers Line Up for Nikola's Remaining Inventory

Court documents show Lucid will pay $30 million for the 691,000-square-foot retooled manufacturing plant and offices after multiple auction rounds.

Arizona Technology Council
May 19th, 2025
Lucid explores partnerships as automakers eye its Arizona manufacturing capabilities

Lucid acquired Nikola's facilities for over $30 million in April

Exotic House Digest
May 19th, 2025
Nikola's Hydrogen Trucks Up for Auction

These assets are entering the market shortly after EV startup Lucid Motors unexpectedly acquired Nikola's Arizona manufacturing facility and headquarters.

Automotive World
May 8th, 2025
Lucid opens New Jersey studio, service, and delivery center for area customers

Lucid opens New Jersey studio, service, and delivery center for area customers.

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