Who is Lucid Company owned by?
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. Lucid has plans to start selling lower-priced vehicles, a path that is similar to that taken by Tesla. So there are reasons to be excited about Lucid’s future. However, there’s a lot more competition in the EV market today than there was when Tesla essentially created the EV category.Key Points. Lucid, as a company, has potential, and its products are solid, but its financial position is rough. The company is growing its revenue, but its costs are going up almost as quickly. Lucid has the worst profit margin and a weak cash position compared to competitors like Tesla and Rivian.The price of the 2026 Lucid Motors Air starts at $72,400 and goes up to $250,500 depending on the trim and options. We’d steer toward the Pure model. It offers a respectable 430 horsepower and 420 miles of estimated driving range, yet it costs significantly less than the upper Grand Touring and Sapphire trims.Lucid Air The Lucid Air bests the Tesla Model S in most categories of this showdown, including price, interior quality, seat comfort, acceleration, and range.
How much did Saudi invest in Lucid?
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. Oct. These are new shares, so that’s about $1 billion in cash for the EV start-up. Lucid Air It was first, and then Lucid set out to not only improve on the concept, but to make an EV to rival established conventionally powered luxury cars. The Lucid Air bests the Tesla Model S in most categories of this showdown, including price, interior quality, seat comfort, acceleration, and range.Key Points. Lucid launched its Gravity SUV last year, which helped boost vehicle production and delivery numbers. The business continued to post huge losses. The company’s reverse stock split and new stock sales also pushed Lucid’s share price lower.All Lucid Air owners, regardless of model or model year, now have access to the North American Tesla Supercharger network. A Lucid-approved NACS adapter, available through the Lucid Store, is required to charge at compatible Tesla Superchargers (V3 and above).On a full year basis in 2025, the company produced 18,378 vehicles, up 104% compared to full year 2024, and delivered 15,841 vehicles, up 55% compared to full year 2024. During Q4 2025, Lucid produced 8,412 vehicles, up 116% compared to Q3 2025, and delivered 5,345 vehicles, up 31% compared to Q3 2025.
Does Saudi Arabia own Lucid?
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. 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.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.
Is Lucid a Chinese brand?
Lucid Group, Inc. American automotive and technology company that manufactures electric vehicles and supplies advanced electric vehicle powertrain systems. Lucid has a tough road ahead Tesla enjoyed a major head start in the EV market, and Lucid faces a much more challenging backdrop by comparison. Growth for the EV market has slowed substantially in recent years, and Lucid is also facing an influx of competition from Chinese manufacturers.
Why are people not buying Lucid?
Lucid Group is under growing financial pressure as cash reserves tighten and costs remain high. Recent high profile share sales by major holders have added to concerns over long term viability. The loss of the US EV tax credit has removed a key sales incentive for Lucid vehicles. Key Points. Lucid is spending cash rapidly while its revenue is swallowed up by increasing costs. The company is losing almost $1 billion per quarter. It has a high debt load relative to its dwindling cash reserves.