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Luxury EV Manufacturer Loses $227,000 On Each Car It Sells
Reporting
— Nov 10, 2023
A manufacturer of luxury electric vehicles (EVs) lost more than $227,000 on each car it sold in the third quarter. Lucid Motors, headquartered in California, sells four EV models, ranging in price from $74,900 to…
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Luxury Electric Vehicle Maker Becomes Latest In Industry To Announce Huge Layoffs
Reporting
— Jun 5, 2024
Electric vehicle (EV) maker Lucid Motors announced that the company would be laying off staff in a bid to lower expenses amid a slowdown in the market. The layoffs will affect 6% of its workforce, equating to around 400…
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‘This Is The Wrong Product’: EV Exec Admits Electric Pickup Trucks Don’t Make Money
x/lucid-motors
— Jul 29, 2024
The CEO of an electric vehicle (EV) company does not believe that electric pickup trucks are currently a viable product, he told Axios in an interview. Peter Rawlinson, CEO of luxury EV producer Lucid Motors, told Axios…
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