EVsCleanTechnicaabout 10 hours ago
Lucid Motors CEO Cuts Deep to Survive
1 min read
New CEO Silvio Napoli cut 1,500 jobs and eliminated the second shift at AMP-1 in Casa Grande. Lucid posted a $1 billion net loss on $282.5 million revenue. The Saudi-backed company paused 2026 production guidance and needs the Cosmos EV to reach scale before funding runs out.
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