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Lucid Motors

Updated: Wikipedia source

Lucid Motors

Lucid Group, Inc., is an American automotive and technology company that manufactures electric vehicles and supplies advanced electric vehicle powertrain systems. The company is headquartered in Newark, California. In September 2021, the company began producing the Lucid Air sedan at its factory in Casa Grande, Arizona. Production of its second model, the Lucid Gravity SUV, started in December 2024. Lucid also supplies and develops powertrain technology to other automakers, including Aston Martin. Since April 2019, the majority shareholder of Lucid has been the Public Investment Fund, which is the sovereign wealth fund of Saudi Arabia. Other investors include large index fund managers like Vanguard Group, BlackRock, and State Street Corporation.

Infobox

Formerly
Atieva, Inc.
Company type
Public
Traded as
mw- Nasdaq: LCID (Class A)Russell 1000 component
ISIN
US5494981039
Industry
Automotive
Founded
2007; 18 years ago (2007)
Founders
Bernard TseSam WengSheaupyng Lin
Headquarters
Newark, California, U.S.
Key people
Marc Winterhoff (Interim CEO)Peter Rawlinson (Former CEO/CTO)
Production output
9,029 (2024)
Revenue
US$808 million (2024)
Operating income
−US$3.02 billion (2024)
Net income
−US$3.06 billion (2024)
Total assets
US$9.65 billion (2024)
Total equity
US$3.87 billion (2024)
Number of employees
6,800 (2024)
Parent
Public Investment Fund (58.42% as of 2024)
Website
lucidmotors.com

Tables

· Ownership
Public Investment Fund
Public Investment Fund
Shareholder name
Public Investment Fund
Percentage
58.42%
The Vanguard Group
The Vanguard Group
Shareholder name
The Vanguard Group
Percentage
3.64%
BlackRock
BlackRock
Shareholder name
BlackRock
Percentage
1.60%
D.E. Shaw
D.E. Shaw
Shareholder name
D.E. Shaw
Percentage
0.81%
UBS Group
UBS Group
Shareholder name
UBS Group
Percentage
0.80%
Morgan Stanley
Morgan Stanley
Shareholder name
Morgan Stanley
Percentage
0.75%
Geode Capital Management
Geode Capital Management
Shareholder name
Geode Capital Management
Percentage
0.67%
State Street
State Street
Shareholder name
State Street
Percentage
0.65%
Millennium Management
Millennium Management
Shareholder name
Millennium Management
Percentage
0.62%
Renaissance Technologies
Renaissance Technologies
Shareholder name
Renaissance Technologies
Percentage
0.55%
Others
Others
Shareholder name
Others
Percentage
26.28%
Shareholder name
Percentage
Public Investment Fund
58.42%
The Vanguard Group
3.64%
BlackRock
1.60%
Shaw
0.81%
UBS Group
0.80%
Morgan Stanley
0.75%
Geode Capital Management
0.67%
State Street
0.65%
Millennium Management
0.62%
Renaissance Technologies
0.55%
Others
26.28%

References

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    https://www.cnbc.com/2025/02/25/lucid-ceo-peter-rawlinson-steps-down-ev-maker-plans-to-double-production.html
  2. "Lucid Group, Inc. 2024 Annual Report (Form 10-K)"
    https://www.sec.gov/ix?doc=/Archives/edgar/data/1811210/000162828025007725/lcid-20241231.htm
  3. "Lucid Group, Inc. 2022 Proxy Statement (Form DEF 14A)"
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  4. "Electric luxury-car maker Lucid produced more vehicles in 2022 than expected"
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  5. "EV maker Lucid's quarterly production, deliveries fall, shares tumble"
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  35. Wall Street Journal
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    https://www.barrons.com/articles/tax-filing-season-deadline-extension-child-tax-credit-51674243996
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    https://www.investors.com/news/lucid-stock-lucid-earnings-q4-2021-lordstown-beats-but-sinks/
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    https://www.prnewswire.com/news-releases/lucid-announces-fourth-quarter-and-full-year-2023-financial-results-302067988.html
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    https://lucidmotors.com/stories/introducing-edna
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    https://www.youtube.com/watch?v=zgbde-SgWGM
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    https://www.cnbc.com/2020/08/11/lucid-makes-a-run-for-tesla-with-luxury-ev-sedan-with-a-record-517-miles-of-range-per-charge.html
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    https://www.wired.co.uk/article/lucid-motors-lucid-air-ev
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    https://electrek.co/2021/09/16/lucid-shares-epa-range-for-air-models-including-520-miles-on-the-dream-edition-range/
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    https://www.motortrend.com/news/lucid-air-2022-car-of-the-year/
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  99. Lucid Air Grand Touring Wins GUINNESS WORLD RECORDS™ Title with 1,205 kilometers on a Single Charge Lucid Motors
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  102. The Verge
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  103. Lucid Motors
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  104. Arab News
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  105. Wall Street Journal
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  106. Yahoo Finance
    https://finance.yahoo.com/quote/LCID/holders/
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