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Lucid Motors will decrease its U.S. workforce by 1,500 employees in a cost-cutting plan estimated to save $158 million annually, the company said Monday.
The EV maker said it plans to cut around 18% of its U.S. workforce, including full-time employees, contractors, and hourly production workers.
Investing.com -- Lucid Group (NASDAQ:LCID) announced Monday it will reduce its U.S. workforce by approximately 18% and that Chief Operating Officer Marc Winterhoff has departed the company.
Lucid Group Inc (NASDAQ:LCID) is reducing its United States workforce by approximately 18% as part of a broader cost-cutting initiative aimed at improving efficiency and aligning production with demand, the electric vehicle maker announced on Monday. The company said the restructuring is...
Lucid is cutting jobs for the second time this year as the electric-vehicle maker pushes toward profitability.
The company is also eliminating a production shift at its Arizona factory to align "production plans with anticipated demand."
EV maker Lucid Group said on Monday it would cut about 18% of its U.S. workforce and announced COO Marc Winterhoff had left the company, marking its second major executive change in recent months as it tries to boost profitability amid growing competition. In April, the EV maker appointed former Schindler chief Silvio Napoli as CEO.
Lucid Group, Inc. (NASDAQ:LCID) is one of the best small cap stocks to buy for the long term. Lucid Group, Inc. (NASDAQ:LCID) received several rating updates following the release of its financial results for fiscal Q1. Benchmark downgraded Lucid Group, Inc. (NASDAQ:LCID) to Hold from Buy on May 7, without setting a price target on […]
US futures were pointing higher at the start of the week as investors return from the Juneteenth holiday weekend, with technology stocks expected to lead gains despite lingering uncertainty over the Middle East and the prospect of further Federal Reserve tightening. Dow Jones futures were up...
Lucid Group has not had an easy stretch. The stock has been battered, and the losses keep piling up. But Wall Street thinks the sell-off is overdone. Valued at a market cap of $2 billion, this Tesla rival is down 99% from all-time highs in June 2026. However, analysts tracking the EV maker ...
Whether you see them or not, industrials businesses play a crucial part in our daily activities. But their prominence also brings high exposure to the ups and downs of economic cycles. Luckily, the tide is turning in their favor as the industry’s 20.4% return over the past six months has topped the S&P 500 by 11.6 percentage points.
Lucid Group (NasdaqGS:LCID) has announced a partnership with Uber and Nuro to deploy autonomous robo-taxis in Houston. The service is planned to launch in 2027, combining Lucid's electric vehicles with Uber's ride-hailing platform and Nuro's self-driving technology. This initiative marks a shift for Lucid from purely premium EV manufacturing toward offering autonomous mobility services. Lucid Group is best known for its premium electric vehicles, but this new collaboration with Uber and...
Uber plans mid-2027 driverless rides in Houston, backed by a 50,000-square-foot depot and Lucid-Nuro vehicles.
Shares of luxury electric car manufacturer Lucid (NASDAQ:LCID) jumped 7.5% in the afternoon session after the company, along with partners Uber and Nuro, announced plans to launch a robotaxi service in Houston in mid-2027.
Uber, Nuro, and Lucid Group have officially named Houston as the second major market for their joint autonomous ride-hailing initiative, with commercial services slated to begin in mid-2027.
On Wednesday, ride-hailing giant Uber EV maker Lucid and self-driving technology start-up Nuro announced plans to launch robo-taxis in Houston in 2027. Uber operates the network, Lucid builds the cars, and Nuro provides the autonomous driving technology. The move is yet another example that the long-promised era of driverless cars has arrived.
Uber and Lucid are expanding their robotaxi venture, naming Houston as the second planned market for the autonomous ride-hailing service the two companies are building with self-driving startup Nuro.
This will be the second market to have an Uber robotaxi service outfitted with Lucid EVs equipped with a self-driving system from Nuro.
The latest trading day saw Lucid Group (LCID) settling at $5.02, representing a -4.38% change from its previous close.
A number of stocks jumped in the afternoon session after the Trump administration announced a new peace deal that would lead to the reopening of the Strait of Hormuz.
Lucid (NASDAQ:LCID) is the luxury EV maker that just delivered 5,345 vehicles in Q4 2025, up 72% year over year, yet trades at $5.20. The stock is down 50.8% year to date and 75.93% over the past year. CEO Marc Winterhoff told investors “our focus remains on operational and financial discipline, sustainable growth, and continued ... Prediction: Will Lucid Stock Double This Year?
Less than two weeks after Silvio Napoli took over as Lucid’s new chief executive officer, an experienced senior executive has departed in another leadership shake-up for the EV maker. Emad Dlala, Lucid’s senior vice president of engineering and software, has left the company just months after ...
In early June 2026, Lucid Group began rolling out a major over-the-air update for its Gravity SUV in North America, adding hands-free highway driving, richer Google-powered navigation data, and enhanced charging and visibility features for vehicles equipped with the optional DreamDrive 2 Pro system. At the same time, Lucid is grappling with a series of securities class action lawsuits alleging that management misrepresented supplier quality problems that disrupted Gravity deliveries and hurt...
By Karen Roman Ouster, Inc. (Nasdaq: OUST) said Ouster BlueCity, its traffic management solution uniting 3D lidar with AI detection for intersection and highway multimodal actuation, alerts and analytics, is […]
For any holder of Tesla (TSLA) stock, the long-term vision is captivating: a future of AI, robotics, and autonomous fleets. Management is backing this with a planned capital expenditure of over $25 billion for 2026. But while the company invests in a revolutionary tomorrow, one number from today’s financial reality deserves your full attention.
Uber Technologies, Inc. (NYSE:UBER) is widely held by hedge funds and is one of the best stocks to buy now for the next 3 months. Uber Technologies, Inc. (NYSE:UBER) is investing in robotaxis as it believes it is the future of convenience. On June 3, Reuters reported that Uber committed around $500 million in self-driving […]
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