What happened? Rivian shifted from ramping up production to cutting costs. This brings the story back to Lucid. In 2024, Lucid proudly proclaimed that it produced roughly 9,000 of its EVs.

American electric vehicle startup Lucid is burning through cash at an alarming rate as it tries desperately to avoid the same fate that hit defunct automakers like Canoo and Nikola. The struggles ...

After four straight record quarters, Lucid delivered 10,241 vehicles last year. That’s up 70% from the roughly 6,000 EVs Lucid delivered in 2023. In the final three months of 2024, the company ...