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Lucid Motors is delaying its first deliveries. Here's its CEO's explanation

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Posted at 8:56 AM, Feb 24, 2021

Somewhat lost in the announcement Monday of the biggest ever merger involving a "blank check" company was Lucid Motors Inc.'s disclosure that it won't deliver its first cars until the second half of this year.

The Newark, California electric car maker said last fall that some customers who are willing to pay $160,000-plus for its limited-edition Air Dream sedans would get them this spring.

The company's cars will be built at its new manufacturing facility in Casa Grande south of Phoenix in Pinal County.

Lucid CEO Peter Rawlinson said in an interview with Bloomberg Tuesday he was "pushing like crazy to make the first deliveries in spring" until he took a ride in the first car off its Arizona assembly line with Alan Mullaly, a former Boeing executive and the former CEO of Ford.

Read more from the Phoenix Business Journal.