Lucid designs, manufactures, and sells premium electric vehicles, currently offering two models: the Lucid Air, a luxury sedan starting around $70K with deliveries beginning in late 2021, and the Lucid Gravity, a luxury SUV that entered production in late 2024 starting around $95K. Lucid sells both vehicles directly to consumers through its own retail Studios and online, operating 62 Studios and service centers across North America, Europe, and the Middle East, supplemented by third-party distributors in select international markets. Lucid's vehicles are positioned around industry-leading range, fast charging, and a design philosophy that delivers large interior space within a compact exterior. Beyond vehicle sales, Lucid supplies powertrain and battery technology to Aston Martin and is pursuing licensing deals with other OEMs. In 2025, Lucid announced a partnership with Uber and Nuro to supply at least 20,000 Gravity vehicles configured as autonomous robotaxis, with Uber making a $300M strategic investment as part of the deal. Lucid is currently deeply unprofitable, with negative gross margins, and its path to profitability hinges on volume scale — particularly the launch of a lower-priced Midsize platform planned for late 2026 — as well as improving unit economics from the higher-ASP Gravity, cost reductions, and capital-light technology licensing revenue. Lucid is majority-owned by Saudi Arabia's Public Investment Fund, which has been its primary financing source, and Lucid held approximately $4.2B in liquidity as of Q3 2025.