The startup produced 1,728 Air sedans in the first quarter, running behind its 2024 forecast of 9,000 vehicles. Lucid plans to launch a second model, the Gravity crossover, this year.
InvestorPlace - Stock Market News, Stock Advice & Trading Tips A few years after electric vehicles seemed poised to dominate the automotive ...
Most electric vehicle stocks retreated along with the broader market in the week that ended on April 19, with ...
Lucid clearly knows how to build a fast electric car: In 2024 and beyond, the challenge is selling more of them as it readies an assault on the EV mainstream. To start, the Air lineup is ...
EV-maker Rivian is planning ... Rivian's cost-cutting initiatives mirror Elon Musk's decision to cut 10 percent of Tesla's workforce citing the company's rapid growth and the duplication of ...
Founded in 2020, the company has rapidly expanded boasting over 12 experience stores across major cities and a network of more than 350 dealers throughout India — an almost two-fold increase in ...
SAN FRANCISCO, April 17 (Reuters) - Electric vehicle maker Rivian (RIVN.O) , opens new tab said on Wednesday it cut about 1% of its workforce ... and said it would start producing them at ...
Some automakers "had a cleaner sheet to start ... Lucid has new architecture throughout its vehicles and almost all of its modules accept over-the-air updates, he said. The EV maker issued more ...
Amidst declining deliveries, Tesla is cutting around 10% of its workforce signaling future challenges ... manufacturers and even relative to other EV pure plays. Recently, CEO Elon Musk has ...
EV maker Rivian Automotive RIVN is reportedly cutting another 1% of its workforce, just days after ... as per the report. The EV startup had 16,790 workers as of Dec. 31, as per the report ...
“The Air Grand Touring is our longest-range car – in fact the longest-range EV available today – and ... EPA testing,” Peter Rawlinson, Lucid CEO and CTO, said in a statement.
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 ...