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InsideEVs
InsideEVs
Technology
Suvrat Kothari

Lucid Lays Off 18% Of Its Workers And Cuts Production At Arizona Plant

Lucid Arizona SEC Marc Winterhoff Lucid Motors
  • Lucid Motors is undergoing major restructuring this year.
  • Several high-ranking executives have recently departed the company.
  • It's also killing a production shift at its Arizona factory.

Lucid Motors will reduce its U.S. workforce by 18%, the company said in an SEC filing on Monday. The maker of the Air and Gravity electric vehicles has been burning billions amid a slow year of growth for electric vehicle sales, while competition has been steadily growing.

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