Lucid Delays Affordable EVs to 2027, Launches $1.4 Billion Cost-Cutting Reset
Lucid grows Q2 revenue 56% but misses estimates. Company cuts production, targets $1.4B savings, and delays midsize EVs until late 2027.
/ 24 items
#LCID↓
Prince Alwaleed Buys 5% of Lucid Motors Amid Stock Volatility
Saudi billionaire Prince Alwaleed acquires 19.5M shares of Lucid, taking a 5% stake after the stock’s sharp mid-July drop.
"Rumors Are Completely False": Lucid Group Rejects Bankruptcy Reports
The company confirms it has sufficient liquidity well into next year.
Lucid Misses Q2 2026 Targets, Launches Major Leadership Overhaul Under New CEO
The EV maker announced a major leadership overhaul under new CEO Silvio Napoli, including new CFO, CTO, and Chief Customer Officer.
Lucid Cuts 18% of U.S. Workforce and Eliminates COO Role to Cut Costs
The restructuring is expected to deliver $158 million in annual cost savings.
Lucid Stock Hits Fresh All-Time Low After Engineering & Software SVP Emad Dlala Departs
Lucid stock plunged to a new all-time low at $4.74 after long-time engineering & software SVP Emad Dlala exited amid new CEO Silvio Napoli’s leadership shake-up.