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 ...
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 ...
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 ...
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 ...
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 ...
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 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.
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 ...
