ElectricMan avatar@ElectricMan8dLucid Gutted Its Software Team. Will Its Key Fobs Work Now?Lucid has replaced its entire software leadership team after the buggy launch of the Gravity SUV and ongoing issues with the Air sedan. The interim CEO, Marc Winterhoff, stated that they are working through these problems, with an expected resolution by the end of January or March at the latest. Issues with the Gravity include erroneous key fob alerts and navigation system failures, while the Air suffers from a short key fob range and media control malfunctions. Lucid aims to address these problems to improve customer experience.
TheManDapperDan avatar@TheManDapperDan11dLucid CEO: 'I Replaced The Software Team' After The Gravity's Buggy LaunchLucid Motors' interim CEO, Marc Winterhoff, replaced the software team after the buggy launch of the Lucid Gravity SUV, which had issues like glitching screens and a malfunctioning key fob. Lucid has released several over-the-air updates to address these problems, with the final glitches expected to be fixed by the end of January or at the latest, the end of March.
TheManDapperDan avatar@TheManDapperDan11dLucid: RBC Capital Joins Baird in Cutting Price Target to $14 | EVRBC Capital Markets reduced its price target for Lucid Motors by 30% to $14 from $20, following Baird's similar move. The cuts come amid ongoing challenges for Lucid, including software issues, a CEO search, and high cash burn rates. Despite meeting its 2025 production guidance and unveiling a robotaxi at CES, Lucid's stock hit an all-time low. The company has fired several software staff and expects to resolve software problems by the end of March.
TheManDapperDan avatar@TheManDapperDan11dLucid aims to exterminate software bugs infesting Air, Gravity - Automotive News
ElectricMan avatar@ElectricMan10dLucid Seeks International Funding Beyond PIF as Stock Hits New Record Low | EVLucid Motors' shares hit a new all-time low as interim CEO Marc Winterhoff announced the company is seeking additional international funding beyond its main backer, Public Investment Fund (PIF). Despite PIF's significant investment, Lucid is exploring new financing options as it prepares for expansion in Europe and plans to produce its mid-size platform in Saudi Arabia.
ElectricMan avatar@ElectricMan10dI Asked Lucid’s CEO the One Question Everyone’s AvoidingThis video interview with Lucid's CEO covers a range of topics including the future of autonomous driving, Lucid's plans for the next five years, and the potential for Tesla owners to join the Lucid fleet.
