Electric vehicle startups are approaching a make-or-break moment. As legacy automakers increasingly ramp production of ...
(Reuters) -Electric-vehicle maker Lucid Group Inc said on Wednesday it was raising about $3 billion from Saudi Arabia's Public Investment Fund (PIF) and others. Shares of the company were down 7% in ...
related investing news EV startups conserve ... of the end of 2022. Lucid has recently been moving to conserve cash. It said in March that it would cut about 18% of its workforce, roughly 1,300 ...
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 ...
While most people are familiar with Tesla and established automakers, they're less likely to know much about all-new ...
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, +4.72% being the “only confirmed ...
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 ...
Luxury sedan maker Lucid, pickup and SUV maker Rivian and ... sees demand picking up from next year as the current sentiment forces EV makers to cut prices and introduce lower-priced models ...
Designing and producing electric vehicles is a tough business, but some startup companies have already started selling EVs hoping to become as successful as Tesla ...
Image: Lucid Motors Lucid is feeling the pressure ... introduces a next-generation premium sedan in 2029. 5th Gear: The EV Startup Nobody Asked For Listen: I don’t think about London’s ...
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 ...
