Lucid Group Inc Stock Price, News & Analysis

Lucid Group (NASDAQ: LCID) has announced the opening of its newest Studio and Service Center in Rutherford, New Jersey. The facility, located at 290 Veterans Boulevard, represents Lucid's 43rd permanent location in North America and 58th location globally. The new center is strategically positioned at the intersection of Highways 17 and 3 to serve the growing New Jersey customer base.

This expansion strengthens Lucid's presence in the Tri-State area, complementing existing locations in Short Hills, White Plains, Manhattan, Plainview, Manhasset, and King of Prussia. The Studio offers a customized experience for customers, allowing them to engage either in-person, online, or through a hybrid approach.

Lucid Group (NASDAQ: LCID) has announced significant additions to its executive leadership team as part of its growth strategy. The company has appointed six key executives to strengthen various departments:

- Akerho Oghoghomeh as SVP of Marketing (former Red Bull executive)
- Jason Ryska as VP of Global Manufacturing Engineering (30+ years at Ford, FCA)
- Dr. Kay Stepper as VP of ADAS and Autonomous Driving (from Qualcomm, 25+ years at Bosch)
- Adrian Price as SVP of Operations (30+ years at Ford)
- Erwin Raphael as VP of Revenue (ex-Amazon, Genesis)
- Gemma Parker as VP of Program Management (ex-Rivian, McLaren)

All executives will report directly to Interim CEO Marc Winterhoff, who emphasized these appointments will enhance Lucid's ability to deliver growth and maintain technology leadership in the EV sector.

Lucid Motors (NASDAQ: LCID) has announced a strategic partnership with King Abdullah University of Science and Technology (KAUST) to advance EV technology and autonomous driving capabilities. The collaboration gives Lucid access to KAUST's supercomputing facilities, enabling advanced research in fluid dynamics, crash safety, structural optimization, and AI training for autonomous systems.

The partnership, announced by Interim CEO Marc Winterhoff, will focus on developing next-generation components and systems, integrating various engineering disciplines. Key research areas include high-performance composites, heat-reflective glass coatings, innovative laminates, and alternative materials to enhance vehicle efficiency and durability. The R&D activities will be conducted at KAUST's laboratories in King Abdullah Economic City, Saudi Arabia.

Lucid Group (NASDAQ: LCID) has unveiled the 2026 Lucid Gravity, their first luxury electric SUV. The Grand Touring model, priced from $94,900, delivers up to 828 hp and accelerates 0-60 mph in 3.4 seconds, while the Touring model will start at $79,900.

Key features include:

• Up to 450 miles of EPA-estimated range
• Ultra-fast charging adding 200 miles in under 11 minutes
• Seven-passenger configuration with over 21 cubic feet of cargo space
• 34-inch 6K OLED display with augmented reality head-up display option
• Built-in NACS charge port for Tesla Supercharger compatibility
• Up to 6,000 lbs towing capacity

The vehicle features innovative charging technology, operating at 926V with compatibility for both 500V and 1000V charging networks, capable of charging at up to 400 kW on 1000V equipment.

Lucid Group (LCID) has announced an agreement to acquire select facilities and assets previously owned by Nikola in Arizona, pending U.S. Bankruptcy Court approval. The acquisition includes Nikola's former Coolidge manufacturing facility and Phoenix headquarters, adding over 884,000 square feet to Lucid's Arizona footprint.

The deal excludes Nikola's business, customer base, and hydrogen fuel cell electric truck technology. The facilities feature state-of-the-art manufacturing and warehousing buildings, development equipment, battery testing chambers, and a chassis dynamometer. Additionally, Lucid plans to extend employment offers to more than 300 former Nikola employees across various technical roles.

The acquisition follows Nikola's Chapter 11 bankruptcy auction conclusion on April 10, 2025. Interim CEO Marc Winterhoff stated the expansion will support Lucid's production ramp of Gravity and upcoming midsize platform vehicles while maintaining their commitment to the Arizona community.

Lucid Group (LCID) has successfully closed a $1.1 billion convertible senior notes offering due 2030, including the full exercise of the initial purchasers' $100 million option. The company simultaneously repurchased approximately $1.05 billion of its existing 1.25% convertible notes due 2026.

The new offering features capped call hedges that increase the effective conversion price to $4.80 per share, representing a 100% premium over the last reported stock price of $2.40. The net proceeds of approximately $1.08 billion were allocated as follows: $118.3 million for capped call transactions, $935.6 million for existing notes repurchase, with the remainder designated for general corporate purposes.

The deal structure, supported by PIF through a prepaid forward share purchase, aims to minimize dilution impact on existing shareholders. Lucid maintains flexibility to settle future conversions in cash, stock, or a combination thereof.