Electric vehicle startups are approaching a make-or-break moment. As legacy automakers increasingly ramp production of ...
The company has made moves recently to reduce its costs. In March, Lucid announced plans to layoff 18% of its workforce as part of a restructuring. The layoffs, which affects 1,300 employees ...
The company announced plans in late March to chop its workforce by about 18%, or about 1,300 employees, mostly at its Arizona manufacturing campus. Lucid's shares (Nasdaq:LCID) dropped as low as $ ...
There’s a Silicon Valley electric car maker promising to deliver breakthroughs in technology and design that will provide new levels of EV driving range and performance, but it is not the company with ...
Lucid Motors is expected to face difficult questions about its future when the electric vehicle startup posts first ... and BMW with their new EV sedans. Lucid cut about 1,300 employees in March ...
Tesla Inc's move to cut prices and increase volume, a strategy which CEO Elon Musk said is part of the EV ... Instead, Lucid said in late March it would lay off 18% of its workforce, or about ...
Lucid is currently testing the Gravity SUV, expected to enter production in 2024 and become the EV maker's second distinct offering. The EV startup now faces growing worries about a slump in ...
The company cut this year’s production ... think Rivian and Lucid will emerge successful. Rivian stands out most. Ives says the startup has the best potential to be a “mini Tesla-like ...
Earlier this week, Fisker and Lucid cut their production outlooks for the ... months serve as a reminder that the story of any EV startup, with Tesla Inc. TSLA, -1.54% being the “only confirmed ...
The results follow weak earnings and a production outlook cut overnight from Lucid Group Inc (LCID.O), sending its stock tumbling 10%. U.S. EV startups' hopes of shaking up the industry collided ...
The company has made moves recently to reduce its costs. In March, Lucid announced plans to layoff 18% of its workforce as part of a restructuring. The layoffs, which affects 1,300 employees ...
