Lucid was founded in 2007 under the name Atieva and originally focused on building electric vehicle batteries and powertrains for other vehicle manufacturers. Lucid's Chief Executive Officer, Peter Rawlinson, formerly served as VP of Engineering at Tesla, and Vice President Derek Jenkins previously worked as Head of Design at Mazda North America Operations. The company has seen investments from Tsing Capital, Mitsui, Venrock, JAFCO, and others. The company rebranded to Lucid Motors in October 2016 and officially announced its intent to develop an all-electric, high-performance luxury vehicle.
Due to LCID's unpopularity vs. TSLA and other EV companies, LCID's share may drop lower.
Due to LCID's unpopularity vs. TSLA and other EV companies, LCID's share may drop lower.