Is Lucid Air a Chinese company?
Lucid Group, Inc. American automotive and technology company that manufactures electric vehicles and supplies advanced electric vehicle powertrain systems. The company is headquartered in Newark, California. Lucid Motors is majority-owned by Saudi Arabia’s Public Investment Fund (PIF), which holds over 60% of the company as of 2025. This strategic partnership has enabled Lucid to secure billions in funding, fueling its global expansion and R&D efforts.Newark, California, U. S. Since April 2019, the majority shareholder of Lucid has been the Public Investment Fund, which is the sovereign wealth fund of Saudi Arabia.Lucid Motors is an American electric vehicle manufacturer headquartered in Newark, California. The company was founded in 2007 under the name Atieva, initially focused on EV batteries and powertrains.Lucid Motors. Lucid Motors is an EV startup company that also supplies batteries to the Formula E racing series. Based in Silicon Valley, it is headed up by Peter Rawlinson, the former chief engineer of the Tesla Model S. Its first model is the Air sedan; an SUV alternative called the Gravity is expected to follow.Luxury electric vehicle developer, Lucid Motors is headquartered in California but is majority funded by the Saudi Arabian sovereign wealth fund, Public Investment Fund (PIF).
Why is no one buying Lucid?
The selling pressure alone would weigh on the stock, and additional capital would likely be more expensive to raise. For most investors, Lucid is simply far too risky to invest in currently, but there is a light at the end of the tunnel. On the whole, Lucid is a risky stock because of its immense cash burn and no clear pathway to profitability. However, over the long term, the company still has millionaire-maker potential, as new model releases potentially help it scale up its business model.Lucid has earned praise for its vehicles, thanks to their industry-leading range, luxury design, and technology. That said, the company is still losing money, which should make investors hesitant. I’d like to see improvements in its efficiency and bottom line before purchasing the stock.Lucid Motors is majority-owned by Saudi Arabia’s Public Investment Fund (PIF), which holds over 60% of the company as of 2025. This strategic partnership has enabled Lucid to secure billions in funding, fueling its global expansion and R&D efforts.
Is Lucid making money?
The transition is already having a significant impact on Lucid’s operational results. Third-quarter earnings jumped 68% year over year to $336. Gravity SUV. That said, Lucid is still far from sustainable profitability, with an operational loss of $942 million in the period. The company was burning through large amounts of cash, using over $950 million in the most recent quarter alone. Lucid also operated with negative gross margins, meaning it lost money on the cars it sold. These financial pressures existed alongside production setbacks and concerns about weakening demand for EVs.
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. Ayar Third Investment Co. Saudi Arabia’s Public Investment Fund, which has invested $6. Lucid since 2018, including $1 billion in Q1. Additionally, the country’s government has agreed to purchase up to 100,000 Lucid vehicles by 2032.Saudi Arabia Completed Its Billion-Dollar Share Purchase. Saudi Arabia still believes in electric vehicles. Monday, EV maker Lucid Group filed documents with the Securities and Exchange Commission showing investment entities tied to Saudi Arabia purchased about 396 million shares of Lucid at $2. Oct.