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.
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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.
Lucid Q1 2026: Big Revenue Miss, Guidance Suspended, But Cash Runway Now Extends to 2027
Lucid missed revenue expectations, delivered fewer cars due to seat issue (now fixed), raised cash, big loss, stock fell.
Hertz Surges as Oro Mobility Partners with Uber to Launch Robotaxi and Driver Fleets
Hertz jumps after teaming with Uber to run robotaxis and driver rides, expanding into self-driving and shared mobility markets.
Uber Becomes Major Lucid Shareholder: 35,000 Self-Driving Cars Coming
Uber just raised its stake in Lucid to 11.5% with a $500 million investment and expanded its robotaxi order from 20,000 to 35,000 vehicles.
Uber’s Massive Shift: $10 Billion Push into Self-Driving Cars
Uber is investing $10B in self-driving cars and robotaxis, shifting from not owning cars to owning fleets to stay competitive.