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 on ... designed to jump-start sales. Tesla—the top-selling EV company in the U.S.—as well as General Motors, Ford Motor, Hyundai Motor and Kia all cut prices as the pace of EV ...
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 ...
Lucid Group reported first-quarter revenue above analysts' estimates on Monday as price cuts helped the company deliver more ...
Several analysts are bracing for the EV maker’s sales to potentially shrink ... The stock slipped as much as 1.2% before the start of regular trading. Tesla staff have been fearing potential ...
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 ...
Tesla continues to right-size and channelize efforts into more profitable avenues of its businesses amid its turnaround ...
Lucid's deliveries remained resilient after the electric vehicle startup cut prices of its flagship Air ... more affordable hybrid alternatives. EV giant Tesla reported a quarterly decline in ...
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 ...