Electric vehicle manufacturer Lucid Motors has dealt a blow to its ambitious plans, pushing back the launch of its highly-anticipated Cosmos crossover to 2027. The company's struggles were laid bare in its latest quarterly financial report, which revealed a staggering $1 billion net loss in the second quarter. Despite the setbacks, Lucid has outlined a comprehensive turnaround plan aimed at righting the ship and getting back on track. The plan includes cost-cutting measures, a focus on improving manufacturing efficiency, and a renewed emphasis on delivering a more streamlined product lineup to the market.
Lucid delays Cosmos crossover to 2027 after posting $1 billion Q2 net loss, detailing turnaround plan Automotive News
