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About Lucid Motors
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. The company designs and assembles its vehicles 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 vehicles lighter and more sustainable by reducing the need for precious metals. Lucid Motors differentiates itself from competitors by operating a direct-to-consumer sales model, which enables them to manage the entire customer experience from design to service. Their goal is to transform the automotive industry through sustainable technology, offering various models like the Pure AWD, Touring, and Grand Touring, along with incentives for timely vehicle delivery.
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Simplify's Take
What believers are saying
- Acquisition of Nikola's assets enhances Lucid's manufacturing capabilities and operational efficiency.
- Partnership with KAUST provides access to cutting-edge research, accelerating EV technology innovation.
- Raising $1 billion in convertible debt boosts financial flexibility for growth opportunities.
What critics are saying
- Increased competition from Tesla in Saudi Arabia may impact Lucid's market share.
- Integrating Nikola's assets and employees could strain Lucid's resources and management focus.
- Issuing $1 billion in convertible notes could increase financial pressure if stock underperforms.
What makes Lucid Motors unique
- Lucid Motors offers luxury electric vehicles with advanced in-house developed technology.
- The company uses a direct-to-consumer sales model, bypassing traditional dealership networks.
- Lucid's vehicles are designed for long range and high performance, appealing to eco-conscious consumers.
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Funding
Total Funding
$12037M
Above
Industry Average
Funded Over
9 Rounds
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
Growth & Insights and Company News
6 month growth
↑ 0%1 year growth
↑ 0%2 year growth
↑ 0%Lucid published a press release today announcing that it had entered into a new partnership with King Abdullah University of Science and Technology (KAUST).
Hankook Tire has introduced the 'iON evo AS SUV,' a high-performance all-season tire engineered specifically for large electric SUVs, through its collaboration with Lucid Motors.
Lucid Motors has strategically acquired assets from Nikola Corporation, including an Arizona factory and headquarters lease, for about $30 million.
Lucid Group announces its strategic acquisition of a plant from Nikola, enhancing its manufacturing capabilities amid stock market volatility.
Lucid also intends to hire more than 300 former Nikola employees, offering roles in engineering, assembly, testing, and warehouse support across its Arizona operations.
Lucid Motors is Hiring for 648 Jobs on Simplify!
Find jobs on Simplify and start your career today
Mechanical Engineering
216 Open Roles
Software Engineering
71 Open Roles
Electrical Engineering
52 Open Roles
QA & Testing
39 Open Roles
IT & Security
32 Open Roles
Engineering Management
30 Open Roles
AI & Machine Learning
10 Open Roles
DevOps & Infrastructure
9 Open Roles
Hardware Engineering
7 Open Roles
Data & Analytics
6 Open Roles
Architecture & Civil Engineering
3 Open Roles
Aerospace Engineering
2 Open Roles
Process Engineering
1 Open Roles
Sales & Solution Engineering
1 Open Roles
Business & Strategy
59 Open Roles
Operations & Logistics
59 Open Roles
Sales & Account Management
29 Open Roles
Finance & Banking
12 Open Roles
Product
8 Open Roles
Accounting
6 Open Roles
Consulting
2 Open Roles
Growth & Marketing
2 Open Roles
UI/UX & Design
6 Open Roles
Lab & Research
1 Open Roles
Training
7 Open Roles
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About Lucid Motors
Industries
Automotive & Transportation
Energy
Company Size
5,001-10,000
Company Stage
IPO
Headquarters
Newark, California
Founded
2016
Lucid Motors is Hiring for 648 Jobs on Simplify!
Find jobs on Simplify and start your career today
Mechanical Engineering
216 Open Roles
Software Engineering
71 Open Roles
Electrical Engineering
52 Open Roles
QA & Testing
39 Open Roles
IT & Security
32 Open Roles
Engineering Management
30 Open Roles
AI & Machine Learning
10 Open Roles
DevOps & Infrastructure
9 Open Roles
Hardware Engineering
7 Open Roles
Data & Analytics
6 Open Roles
Architecture & Civil Engineering
3 Open Roles
Aerospace Engineering
2 Open Roles
Process Engineering
1 Open Roles
Sales & Solution Engineering
1 Open Roles
Business & Strategy
59 Open Roles
Operations & Logistics
59 Open Roles
Sales & Account Management
29 Open Roles
Finance & Banking
12 Open Roles
Product
8 Open Roles
Accounting
6 Open Roles
Consulting
2 Open Roles
Growth & Marketing
2 Open Roles
UI/UX & Design
6 Open Roles
Lab & Research
1 Open Roles
Training
7 Open Roles
People Also Viewed
Discover companies similar to Lucid Motors