Some electric-vehicle startups are making another round of price cuts to get more buyers interested amid softer-than-expected sales. Lucid Group on Thursday cut the starting price of its Air sedan ...
Lucid Group reported first-quarter revenue above analysts' estimates on Monday as price cuts helped the company deliver more ...
EV maker Rivian Automotive RIVN is reportedly cutting another 1% of its workforce, just days after larger rival Tesla announced massive layoffs. What Happened: While Rivian’s previous cut ...
“This was a difficult decision, but a necessary one to support our goal to be gross margin positive by the end of the year,” Rivian said in an emailed statement (via Automotive News).
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 ...
, opens new tab reported first-quarter deliveries above market expectations on Tuesday as price cuts helped boost demand for its luxury electric sedans, sending its shares up about 3%. The ...
[Stay on top of transportation news: Get TTNews in your inbox.] Tesla Inc. will slash global head count by more than 10%, Elon Musk wrote in an email to staff, as the carmaker grapples with a ...
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 ...
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 ...