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 automakers ...

Electric vehicle startups are approaching a make-or-break moment. As legacy automakers increasingly ramp production of ...

Lucid Motors cut its production forecast to "over 10,000 ... the Gravity crossover, this year and to start accepting reservations. Production of the three-row crossover is on schedule to start ...

Lucid Motors is expected to face difficult questions about its future when the electric vehicle startup posts first ... and BMW with their new EV sedans. Lucid cut about 1,300 employees in March ...

Lucid cut 1,300 staff or about 18% of its workforce. The company is scheduled to report its first-quarter earnings on May 8. Lucid Group's stock has declined 60% in the last 12 months to $8.25 U.S ...

Tesla Inc's move to cut prices and increase volume, a strategy which CEO Elon Musk said is part of the EV ... Instead, Lucid said in late March it would lay off 18% of its workforce, or about ...

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.

According to a regulatory filing Tuesday, the Silicon Valley luxury EV carmaker will cut about 1,300 ... according to Rawlinson. As Lucid downsizes its workforce, the startup plans to ramp up ...