Lucid Motors gets funding to build its Air. Faraday Future releases details on the future product it plans to build for China. Tesla has updated its Navigate on Autopilot system to be a little more autonomous. And we look at why the federal tax credit may need limits. All this and more on Green Car Reports. An update to Tesla's Navigate on... Tesla Autopilot updates, Lucid gets clearer, Faraday’s Future: Today’s Car News
Lucid Motors gets funding to build its Air. Faraday Future releases details on the future product it plans to build for China. Tesla has updated its Navigate on Autopilot system to be a little more autonomous. And we look at why the federal tax credit may need limits. All this and more on Green Car Reports. An update to Tesla's Navigate on...
Things just got real for Tesla competitor Lucid Motors. The company, which announced a $1 billion deal with the Saudi Arabian Public Investment Fund last September, confirmed on Thursday that the investment is complete. That could make Lucid the most realistic competitor to Tesla yet, as it plans to bring its nearly fully developed Lucid Air to...
Which electric car will get access to a fast charger network much like Teslas? What was the result of the SEC's investigation into Tesla chief Elon Musk? This is our look back at the Week In Reverse—right here at Green Car Reports—for the week ending Sept. 28, 2018. Friday, Volkswagen detailed the electric-car architecture that will...
The Saudi Arabian sovereign wealth fund may be planning to buy a stake in potential Tesla rival Lucid Motors, according to a Reuters report. Tesla CEO Elon Musk suggested last week that he had held talks with the same Saudi investment fund. The report says that the fund has drawn up a term sheet to invest $500 million in Lucid. It could invest up...
Much of the energy and growth in the U.S. economy comes not from large corporations but from small startup companies, as economic data shows. By now, the model of a young, energetic entrepreneur with a bright idea who turns it into a world-changing business is well established. Think Facebook or Google, or before them Microsoft or IBM or Kodak, or...
The image of the electric car as the future of passenger vehicles has led to a wealth of start-up companies hoping to cash in on the newest type of automotive propulsion. Starting a company—an automobile company at that—is not an easy task, however. Now Lucid Motors (nee Atieva) may be on the brink of discovering that. A new report...
It’s a cool spring morning in Menlo Park, California, in the heart of Silicon Valley. In a two-story concrete-and-glass building on Constitution Avenue, just down the block from Facebook’s vast fortress, a group of automotive engineers and designers is working to create the next-generation luxury high-performance all-electric sedan. A...
Only a handful of people have ridden in one outside the company, but development of the Lucid Air luxury electric sedan seems to be proceeding apace. The company said yesterday at the New York auto show that a development prototype had reached an electronically limited top speed of 350 km/h (217 mph) in testing last month. Lucid Motors, formerly...
It may have taken some time, but the auto industry is now reacting to Tesla in full force. More than four years after the first Tesla Model S was delivered, we are on the verge of a bumper crop of luxury electric cars. A mix of established automakers and startups looking to emulate Tesla's success are planning a growing array of new models, the...
The Lucid Air electric car will be available in a base model with less power and a lower range than the high-end model unveiled last year, but at a much lower price. A Lucid Motors press release confirmed the Air base model will start at $52,500, after the $7,500 federal tax credit for electric cars is applied. That means the true base price will...
When it comes to luxury electric-car startups, hype is the name of the game. Lucid Motors unveiled its Air luxury sedan in December, promising a range of up to 400 miles, power of 1,000 horsepower, and cutting-edge technology. But very few people outside the company have gotten more than a glimpse at what, on paper, looks like a Tesla-rivaling...
From small startups to major established automakers, many companies have Tesla Motors in their sights. But Lucid Motors—the California-based startup formerly known as Atieva—may have the biggest guns in its arsenal of any of Tesla's would-be rivals. The company plans to unveil its previously-teased electric "executive sedan" December...
Lucid Motors has become the latest startup automaker proposing to build electric cars in the U.S. The company—formerly known as Atieva—says it plans to break ground next year on a new factory in Casa Grande, Arizona. Lucid will begin production of its first electric car by 2018, it said in a statement, and expects to employ more than...