Core Insights - Lucid Motors unexpectedly won the auction for Nikola's assets, including its Arizona factory, for approximately $30 million in cash and non-cash considerations [1][3][5] - The acquisition aligns with Lucid's production schedule for the Gravity model and aims to enhance its manufacturing, warehousing, testing, and R&D capabilities [3][5] Company Actions - Lucid plans to extend job offers to around 300 former Nikola employees across various roles, including manufacturing, engineering, software, assembly, vehicle testing, and warehousing [3] - The company confirmed that it will not take over Nikola's hydrogen truck business or its customers as part of the deal [3][5] Market Context - The auction outcome surprised the market, as Lucid focuses on passenger electric vehicles and has not engaged in hydrogen-powered vehicles, which are central to Nikola's business [5] - Nikola's founder, Trevor Milton, who was previously convicted of fraud, was barred from inspecting the factory and assets prior to the auction [5]