According to the report, Lucid CEO Peter Rawlinson announced the layoffs, saying that the company needed to do so in order to cut costs as the EV startup struggles to get cars on the road and ...
Lucid Group on ... designed to jump-start sales. Tesla—the top-selling EV company in the U.S.—as well as General Motors, Ford ...
Lucid posts a record quarter for deliveries of its Air sedan, after several rounds of price cuts. But its totals are still ...
Lucid reported first-quarter deliveries of its Lucid Air luxury EV above market expectations on Tuesday, as it plans a ...
(Reuters) -Vietnamese electric vehicle maker VinFast is cutting its workforce in the United States, the company said on Monday, amid a restructuring in its major overseas market as the startup ...
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 ...
Most electric vehicle stocks retreated along with the broader market in the week that ended on April 19, with ...
It's been a rough go for electric vehicle (EV) start-ups lately, Lucid Motors (NASDAQ: LCID) included. The company has cut production forecasts numerous times, slashed prices on its only vehicle ...
Lucid’s record deliveries come after cutting prices last year and shaving even more off in February. EV startup Rivian (RIVN) also beat expectations after delivering 13,588 vehicles in Q1.
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 ...
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 ...