Lucid Motors built 2,954 electrical automobiles (EVs) within the third quarter of this 12 months, a 54% drop from a 12 months in the past, as the corporate purposely limits manufacturing to higher meet demand for its EVs. This was the third straight quarter wherein the variety of EVs Lucid constructed has declined. It’s additionally…
Lucid Motors is denying a report that it’s weighing filing for Chapter 11 bankruptcy protection. Nick Twork, the company’s chief communications officer, told TechCrunch in a statement that the “rumors are completely false.” “The company has sufficient liquidity to carry its operations well into next year, as recently published in its last quarterly filings, and…
Lucid Motors is laying off 18% of its workforce, or round 1,500 workers, simply 4 months after the EV maker reduce 12% of its workers. The corporate stated on Monday that it has additionally “eradicated the second shift” of EV manufacturing at its manufacturing unit in Casa Grande, Arizona. The cuts are a part of…
