Lucid’s turnaround plan hinges on $1.4B in cash savings, robotaxis
Lucid Motors said Tuesday that its “operational reset” will focus on $1.4 billion in cash reductions along with three other…
Saudi prince buys 5% stake in Lucid Motors
Prince Al Waleed bin Talal Al Saud, a member of the Saudi royal family, has purchased a 5% stake in…
Lucid Motors denies report it’s considering bankruptcy
Lucid Motors is denying a report that it’s weighing filing for Chapter 11 bankruptcy protection. Nick Twork, the company’s chief…
Lucid Motors’ CFO is out as its new CEO continues leadership shakeup
The new CEO of Lucid Motors is continuing to restructure the company after announcing hundreds of job cuts last month:…
Lucid Motors’ new CEO cuts 18% of staff to ‘simplify the company’
Lucid Motors is laying off 18% of its workforce, or around 1,500 employees, just four months after the EV maker…
TechCrunch Mobility: SpaceX rockets past Tesla
Welcome back to TechCrunch Mobility, your hub for the future of transportation and now, more than ever, how AI is…