During the ad breaks on "Saturday Night Live," many of Tesla's rivals, including Lucid Motors, Ford, and Volkswagen, took the chance to plug their electric vehicles.

The questionable practice underscores that using pre-orders as a proxy for sales may not be the best way to evaluate aspiring automakers.

Churchill Capital Corp. IV's stock saw another double-digit fall on Wednesday as a selloff continued following the announcement of a merger with Lucid Motors.

Churchill Capital IV fell 35% in pre-market trading after Lucid Motors struck a deal to go public via the SPAC. The deal will generate $US4.4 billion for Lucid, which plans to use the funds to expand its Arizona facility. Churchill’s transaction values Lucid at about $US24 billion at the PIPE […]

The deal will generate about $4.4 billion in cash for Tesla rival Lucid, which plans to use the funds to expand its manufacturing facility in Arizona.

Bloomberg reports indicated that a merger of Lucid Motors and Michael Klein's SPAC Churchill Capital IV could come as soon as Tuesday.

Churchill Capital Corp IV is reportedly in talks with Lucid Motors to take the EV maker public at a valuation of ~$12 billion.

Churchill Capital Corp IV is continuing its meteoric rise on Thursday, with shares surging roughly 9%. The SPAC’s market cap now pushes $US4 billion after shares shot up over 80% in the last four days. Former Citigroup man Michael Klein may have found a winning partner in EV maker Lucid […]

Lucid Motors announced Tuesday that it finished building its first factory in Casa Grande, Arizona. Lucid will start producing up to 30,000 vehicles per year at the plant in 2021, with plans to ramp up capacity to 400,000 units annually. The startup plans to build out the 999,000-square-foot facility to […]

Tesla will reduce the price of its Model S sedan to $US69,420, the company’s CEO, Elon Musk, tweeted Wednesday. The move came the same day that Lucid Motors, a luxury-EV startup, announced that its base Air sedan will cost $US69,900 after federal tax incentives. Musk said the price change would […]

Lucid Motors, a new competitor in the luxury EV market, posted a video of a preproduction Air sedan tearing around the WeatherTech Raceway Laguna Seca in just over 91 seconds. Its time of 1:31.3 came just one second shy of the lap time the Tesla Model S Plaid – the […]

A batch of electric-vehicle startups – such as Lucid, Rivian, and Fisker – has launched exciting new vehicles and attracted billions in investment. The traditional auto industry is also shifting to EVs and taking stakes in startups: GM acquired an 11% share in Nikola last week. Everyone is banking on […]

After debuting its all-electric sedan, the Air, Lucid Motors also published images of its upcoming SUV. For now, it’s called Project Gravity and it will be built on the same platform as the Air. A company spokesperson told Business Insider that Lucid hopes to bring Project Gravity to market by […]

Business Insider spoke with Derek Jenkins, the VP of design at Lucid Motors, about designing the company’s upcoming Air EV. The Air officially debuted on Wednesday. The Air was first sketched out in 2015 and the design team had to figure out what would still look futuristic by the time […]

Lucid CEO and CTO Peter Rawlinson doesn’t think big batteries are the key to efficiency. He has plans to mass-produce the tech behind the Lucid Air and wants to see it in other cars. He also said that Lucid’s tech is “more advanced” than Tesla’s. Visit Business Insider’s homepage for […]

The Air is Lucid Motors’s first, all-electric sedan that boasts a spacious interior and a long range. The base Air starts at $US77,400, while the range-topping, limited-edition Air Dream Edition starts at $US169,000. The Air will be available starting in spring 2021. Visit Business Insider’s homepage for more stories. In […]

The Lucid Air is the first all-electric car from Lucid Motors. Last month, we learned that it will have a Tesla-smashing estimated range of 517 miles. A video uploaded on Wednesday shows the car achieving a 9.9-second quarter mile. Visit Business Insider’s homepage for more stories. If you’re not already, […]

Lucid Motors announced that its new luxury sedan, the Air, will be the “fastest charging electric vehicle,” with the ability to charge 20 miles of range per minute. The claim smashes the standard set by Tesla, whose V3 Supercharger can add about 15 miles per minute. The announcement follows Lucid’s […]

Lucid Inc. skyrocketed as much as 241% on Tuesday after a similarly named company, Lucid Motors, told Reuters that its luxury sedan, the Air, will deliver an estimated EPA range of 517 miles on a full charge. If Lucid Motors is able to deliver on the claim, it would become […]

Lucid announced that its debut car, the Lucid Air, has an estimated range of 517 miles. Lucid’s estimated range smashes the Tesla Model S’s record of 402 miles. If the EPA validates the Air’s number, it could prove a key selling point for the newcomer. Range remains a key issue […]

Saudi Arabia’s Public Investment Fund is investing $US1 billion ($AU1.39 billion) in Lucid Motors, a Tesla rival. The kingdom was previously in talks with Tesla about funding its go-private bid. Follow Tesla’s stock price in real-time here. Tesla slid as much as 2% Monday after Saudi Arabia’s public-investment firm announced […]

Saudi Arabia has been in talks with electric-car maker Lucid Motors, Reuters reports Monday. JPMorgan cut its price target for Tesla to $US195 from $US305 on Monday, citing the fact funding has not been secured like Elon Musk originally said. Tesla shares sank more than 6% in early trading Monday. […]

Saudi Arabia has been in talks with the electric-car maker Lucid Motors, Reuters reported Sunday. Lucid was founded in 2007 under its former name, Atieva, and the Newark, California-based company began developing its first electric vehicle in 2014. The car, called Lucid Air, debuted in late 2016 as a 1,000-horsepower […]

Lucid Motors, an electric-car startup that’s developing a 1,000-horsepower luxury sedan it says could rival the Tesla Model S and flagship offerings from Mercedes-Benz and BMW, is moving to a bigger headquarters. The company is setting up its new home in Newark, California, not far from Tesla’s factory. The upstart […]

The Silicon Valley-based electric-car startup...

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