Electric-vehicle maker Lucid Group Inc said on Tuesday it would lay off about 18% of its workforce, or around 1,300 employees, to cut costs as ... of cheaper EV models from traditional automakers ...
Even after laying off nearly a fifth of its workforce, the luxury EV maker is losing money at an unsustainable rate. After a disappointing Q1 finish, Lucid Group Inc. executives ... thus far, the ...
While Lucid's first vehicle, the Air sedan, has impressed reviewers and won several important industry awards, demand for the high-priced EV appears ... when Lucid cut 18% of its workforce ...
Electric vehicle startups are approaching a make-or-break moment. As legacy automakers increasingly ramp production of ...
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 ...
Lucid cut 1,300 staff or about 18% of its workforce. The company is scheduled to report its first-quarter earnings on May 8. Lucid Group's stock has declined 60% in the last 12 months to $8.25 U.S ...
Swedish electric vehicle (EV) maker Polestar said ... on the already cash-strapped start-ups. Advt Polestar peers such as Lucid and Fisker, have both cut their production forecasts, with Lucid ...
SAN FRANCISCO, Feb 1 (Reuters) - Rivian Automotive is laying off 6% of its workforce in ... are expected to hurt EV upstarts such as Rivian, Lucid Group and British startup Arrival, which Monday ...
According to a regulatory filing Tuesday, the Silicon Valley luxury EV carmaker will cut about 1,300 ... according to Rawlinson. As Lucid downsizes its workforce, the startup plans to ramp up ...
Electric-vehicle maker Lucid Group Inc said on Tuesday it would lay off about 18% of its workforce, or around 1,300 employees, to cut costs as ... of cheaper EV models from traditional automakers ...
