Lucid teased the launch of an affordable compact SUV to compete with the Tesla Model Y in late 2026, but it might run out of money by then ...
Rivian plans to cut another 1% of its workforce as the automaker works ... This is the second round of layoffs from the EV startup this year. After releasing its fourth quarter and full-year ...
EV maker Rivian Automotive RIVN is reportedly cutting another 1% of its workforce, just days after ... positive by the end of the year.” The EV startup had 16,790 workers as of Dec. 31 ...
Lucid Group reported first-quarter revenue above analysts' estimates on Monday as price cuts helped the company deliver more ...
Lucid Group (NASDAQ: LCID) is among the several electric vehicle (EV) start-ups that have been compelled to cut prices of their cars and accept dwindling margins because of a global slowdown in ...
The electric-vehicle startup ... Alpha. Lucid in February had cut prices of its flagship Air sedans by 1% to 10% to support demand at a time when consumers are rethinking EV purchases and turning ...
Lucid Group forecast higher capital expenditure this year and reiterated an annual production forecast below Wall Street ...
A year ago Lucid was in the midst of cost cutting measures, reducing prices for the Air sedan while also reducing its headcount. In fact, the luxury EV maker ... away from the start of Gravity ...
Tesla‘s (NASDAQ:TSLA) announcement of cutting 10% of its global workforce shook the electric ... According to the EV stock, Lucid delivered 1,967 vehicles in Q1 while producing just 1,725 ...
Tesla continues to right-size and channelize efforts into more profitable avenues of its businesses amid its turnaround ...
Lucid reports that it produced 1,728 units of the Air sedan in the first quarter of 2024, while also delivering 1,967 units, seeing a modest bump over the previous quarter but also setting a ...