Lucid Stock News

Tesla reported good EV deliveries over the weekend -- but "good" apparently isn't good enough for investors, who are selling the EV maker's stock. Rival EV maker Canoo reported a big loss and just one

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‘Fallen angel' stocks, or stocks that have fallen far from their past highs, can be tempting as possible contrarian buys. Yet while there are sometimes diamonds in the rough among these names, for t

The First Trust Nasdaq Clean Edge Green Energy Index Fund is a balanced way of gaining EV exposure without going all-in on Rivian or Lucid. The fund has been around for over 15 years and has a reasona

Many Lucid Group (NASDAQ: LCID ) stock investors are underwater now, but they shouldn't lose hope. A share-price recovery is likely, as the market has already punished Lucid for its lackluster 2022 p

A read-through of Lucid's most recent earnings release shows several contradicting points that may very well be pointing to a setback in its near-term demand environment. In addition to macroeconomic

RIVN and LCID have been volatile stocks. LCID made the news with the announcement of large-scale layoffs.

Lucid Group Inc (NASDAQ:LCID) yesterday announced plans to cut 18% of its staff -- around 1,300 jobs -- to reduce its cash burn.

Lucid (LCID) estimates that, out of 640 affected vehicles, 6% have the defect. The company plans to lay off 1,300 employees by the end of the second quarter.

Amazon, Alphabet, Meta, Salesforce and Disney have all slashed staff this year, citing cloudy economic forecasts.

Lucid (NASDAQ: LCID ) stock is in the red today after the electric vehicle (EV) company announced a restructuring plan involving an 18% reduction of its workforce, or about 1,300 employees. The plan w

The 2023 job cuts trend is spreading to the electric vehicle (EV) sector now. Lucid Motors (NASDAQ: LCID ) just announced that it will be laying off 1,300 workers within the coming months.

In this edition: EV startup Lucid plans layoffs, Meta continues its year of efficiency, and Disney abandons its metaverse plans.

Lucid, the electric vehicle (EV) rival to Tesla, said it plans to cut 1,300 jobs as part of larger restructuring efforts to reduce costs. In a regulatory filing cited in CNBC, the EV manufacturer said

Electric-vehicle maker Lucid Group Inc said on Tuesday it would lay off about 18% of its workforce, or around 1,300 employees, to cut costs as part of a restructuring plan.