Lucid Delays Sub-$50,000 Mid-Size EV to Late 2027 Amid $1.4 Billion Restructuring
Lucid is pushing its highly anticipated sub-$50,000 EV to late 2027, prioritizing quality over rapid expansion. With a $1.4 billion cost-cutting plan and a heavy pivot toward robotaxis, the EV maker is buying time to fix its cash burn....