Lucid Motors, the electric vehicle manufacturer that made headlines with a high-stakes investment from Saudi Arabia, is facing a daunting reality check. The company's new CEO has been tasked with reviving the struggling EV maker, which has been plagued by production delays and financial woes. In a bid to keep the company afloat, the CEO has reportedly implemented deep cost-cutting measures, sparking concerns about the long-term viability of the project. As the Saudi government's ambitious plans for Lucid's futuristic "Cosmos" factory hang in the balance, investors and industry insiders are watching with bated breath to see if the new CEO's drastic measures will be enough to save the embattled EV startup.
Exclusive: Lucid Motors’ Saudi Bet Meets Harsh Reality As New CEO Cuts Deep To Keep Cosmos Alive CleanTechnica
