Story thread · 3 reports / 3 sources

Lucid is cutting $1.4bn and betting its survival on robotaxis

thenextweb.com · 6dShare

Lucid’s turnaround plan comes down to spending far less and hoping robotaxis pay off. The luxury electric-vehicle maker unveiled a $1.4bn cash-savings programme this week, alongside a second-quarter net loss of $1.26bn. The scale of the loss frames the urgency. Revenue rose to $405m from $259m a year earlier, but the company still burned through […] This story continues at The Next Web

First report: Lucid’s turnaround plan hinges on $1.4B in cash savings, robotaxis — techcrunch.com, 7d