Does Lucid have any future?
Lucid still has more to do to reach profitability Expanding vehicle production and deliveries should allow Lucid to benefit from economies of scale, but the business remains years away from reaching positive gross margins, even under optimistic scenarios. The catch with Lucid remains its steep cash losses. Manufacturing vehicles is expensive, and factories cannot operate profitably without enough volume. Lucid just isn’t there yet. The company has burned $3.Lucid has significant losses and minimal revenue Growth companies typically don’t generate significant profits when they’re just getting started, and that’s been true for Lucid. The company’s third-quarter 2025 net loss was approximately $1 billion, a very substantial amount.Young brand risk: Lucid doesn’t have decades of mainstream recognition like BMW or Mercedes. Some buyers still worry about long-term support, which softens resale demand. Price cuts and incentives: As Lucid adjusts pricing and offers incentives on new cars, used prices often follow them down.
Who owns 60% of Lucid?
Both Lucid and Uber share a powerful common investor, Saudi Arabia’s Public Investment Fund (PIF). The PIF owns ~60% of Lucid and ~3. Uber. To date, the PIF has invested over $8 billion into Lucid, more than Lucid’s current market cap of ~$7. Saudi Arabia’s Public Investment Fund (“PIF”) remains Lucid’s largest shareholder, holding more than 50% of the company. Since 2018, PIF has invested more than $8 billion in Lucid, providing long-term financial backing and reinforcing confidence in the company’s global manufacturing and expansion plans.Atieva became Lucid in 2016, and in 2018, received a $1 Billion investment from the Public Investment Fund (PIF) of Saudi Arabia — one of the world’s largest sovereign wealth funds — with Ayar Third Investment Company (a PIF affiliate) as the majority stockholder.Saudi Arabia’s Public Investment Fund (“PIF”) remains Lucid’s largest shareholder, holding more than 50% of the company. Since 2018, PIF has invested more than $8 billion in Lucid, providing long-term financial backing and reinforcing confidence in the company’s global manufacturing and expansion plans.