March 28 (Reuters) - 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 ... of cheaper EV models from ...
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 ...
Lucid Group, the US-based luxury EV start-up, is set to enter the Chinese car market ... Earlier this year, Lucid axed around a fifth of its US workforce to cut costs as volume plans have fallen short ...
Earlier this week, Fisker and Lucid cut their production outlooks for the ... months serve as a reminder that the story of any EV startup, with Tesla Inc. TSLA, +4.72% being the “only confirmed ...
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 ...
Startup electric car brands fronted by flashy ... The company burned though one CEO, cut its workforce here in the US, and—as we discovered on a recent test drive in Encinitas, California ...
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 ...
The Model Y from Tesla retails for at least $54,990 after recent price cuts, Rivian's R1S SUV is priced around $78,000 and Lucid sells its Air Pure sedans for about $87,400.
Young automakers Lucid, Fisker, and Nikola have all failed ... Additionally, Tesla, the leading EV startup, is using its profit margins to decrease prices, putting pressure on newer startups.
The results follow weak earnings and a production outlook cut overnight from Lucid Group Inc (LCID.O), sending its stock tumbling 10%. U.S. EV startups' hopes of shaking up the industry collided ...
(Reuters) -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 ...
