On July 28, a U.S. regulatory filing revealed that Saudi Arabian Prince Alwaleed Bin Talal Bin Abdulaziz Al Saud (HRH) now owns 19.5 million shares of Lucid's Class A common stock, representing 5.0% of the outstanding Class A common shares. HRH also gained sole voting rights.
Based on the regulatory update (SCHEDULE

On July 14, Lucid Group's share price declined more than 50% following reports from anonymous sources that Lucid has retained turnaround firm AlixPartners to weigh strategic options that allegedly include a take-private transaction or a Chapter 11 filing.
Lucid called the rumors false and said the company has suffici

On July 2, the Lucid Group announced production and delivery totals for the quarter ended June 30, 2026. 
During the second quarter, Lucid produced 4,774 vehicles, a 23.6% increase from the number of vehicles produced in the same period in 2025.
The company delivered 3,953 vehicles in Q2 2026, a 19.5% increase from t

On June 22, in a U.S. Securities and Exchange Commission (SEC) filing, the Lucid Group said it is cutting its U.S. workforce by approximately 18% as part a plan “aligning production plans with anticipated demand”. The plan is expected to realize an annualized cost savings of approximately USD 158 million.
The company

On June 17, Uber Technologies, Nuro Inc., and the Lucid Group announced that it expects to launch its robotaxi program in mid-2027 as its second market, following the San Francisco Bay Area launch in 2026. 
Nuro is already conducting autonomous on-road testing with safety operators in Houston. The robotaxi engineerin

On June 8, Lucid announced that it has released Lucid UX 3.6 for its Gravity SUV, providing a major over-the-air upgrade focused on hands-free driving, navigation, efficiency, safety, and convenience.
For vehicles equipped with DreamDrive 2 Pro, the update introduces Hands-Free Drive Assist on compatible highways, al

Uber has committed close to USD 500 million into autonomous vehicle startup Nuro through direct investments and milestone-linked funding arrangements, according to unnamed sources cited by Reuters. 
One of Uber's commitments is a three-way partnership combining Nuro’s technology ⁠with Lucid's Gravity SUVs and upcomin

On May 28, Lucid announced a recall of 2,039 Air sedans in the U.S. due to a defect in the Gen 4 inverter that could result in an unexpected loss of drive power. The issue stems from friction-related damage, known as fretting, on internal electrical connections, which can interrupt signals and cause switching module

On May 11, Lucid said it is reimagining the robotaxi experience as it develops a next-generation autonomous ride service with Uber and Nuro. Beyond supplying the Lucid Gravity vehicles from its plant in Casa Grande, Arizona, Lucid is co-engineering core systems including steering, braking, and acceleration to deliver

On May 8, Nuro, Inc. announced that it has secured a California Public Utilities Commission (CPUC) Drivered Pilot Permit, as the company works toward the launching of its robotaxi program with partners Lucid and Uber.
The CPUC Drivered Pilot Permit allows Nuro to conduct pilot testing of autonomous passenger service

On May 5, Lucid Group announced financial results for its first quarter ended March 31, 2026.
Lucid produced 5,500 vehicles at its plant in Casa Grande, Arizona, up 149% from Q1 2025 and delivered 3,093 vehicles, flat compared to Q1 2025. February delivery timing was affected by a seat supplier issue resolved during

On April 30, Hertz Global Holdings’ affiliated operating company, Oro Mobility, and Uber Technologies announced two strategic fleet partnerships, advancing Hertz’s growth in new mobility areas and Uber’s autonomous robotaxi and driver-led fleet services.
Oro will support Uber’s upcoming autonomous robotaxi program of

On April 14, Lucid Group announced a significant expansion of its partnership with Uber, further supported by an additional long-term investment from Ayar Third Investment Company, an affiliate of the Public Investment Fund (PIF).
As part of the agreement, Uber will increase its purchase commitment to at least 35,000

On April 14, Lucid Group announced that Silvio Napoli will be Lucid's next Chief Executive Officer (CEO) and will join Lucid's Board of Directors. Mr. Napoli is currently based in Switzerland and will be relocating to the U.S.
Currently serving Interim Chief Executive Officer Marc Winterhoff will serve as Lucid's Chi

On April 3, the Lucid Group announced production and delivery totals for the quarter ended March 31, 2026. 
During Q1 2026, the company produced 5,500 vehicles in its facilities. This compares favorably with the same period in 2025, almost doubling the 2,212 vehicles it produced in its Casa Grande, Arizona plant plus

On March 31, Lucid USA announced it was recalling 2025-2026 Gravity SUV vehicles as the lap belt anchor brackets on the second row seats may have insufficient welds, which can cause bracket failure. 
The recall affects 4,476 of Lucid’s newest model that are currently in the U.S., and for a time, had held up productio

On March 26, Basemark announced a strategic cooperation with Lucid Motors to bring Heads-Up (HUD) Augmented Reality to the Lucid Gravity’s user experience. The Gravity’s AR HUD hardware, feature set, UX, and UI design were developed in-house by Lucid. Working closely with Lucid, Basemark engineers used Basemark Rocks

On March 16, Lucid Group, Inc. signed Wackenhut as its first retail partner in Europe. The long-established, family-owned automotive retail group is headquartered in Nagold, Germany. It will begin selling and servicing Lucid's full vehicle portfolio in its facilities in Baden-Baden starting from March 30, 2026, with

On its March 12 Investor Day event in New York, Lucid Group outlined strategic elements of its upcoming Midsize platform and its next-generation Atlas electric drive unit. Lucid also previewed planned software and technology updates, including an in-vehicle AI assistant and autonomy roadmap, strategy to monetize soft

On March 11, Lucid Group announced it will start rolling out Apple CarPlay and Android Auto via an Over the Air (OTA) software update to Lucid Gravity owners in North America. The update, contained in the latest version of Lucid UX 3.5, is scheduled to be deployed to Gravity customers in the Middle East and Europe in