Lucid Will Lay Off 1,300 People As Part Of Cost-Cutting Plan via insideevs.com
"We are also taking continued steps to manage our costs by reviewing all non-critical spending at this time," the brand’s CEO Peter Rawlinson said in a letter quoted by, adding that the restructuring plan is expected to be completed by the end of the second quarter.that might be affected by a potential power loss issue that may shut down the electric motors.
At the other end of the spectrum, there’s the Lucid Air Sapphire, which comes with a tri-motor setup delivering 1,200 hp, allowing the EV to accelerate to 60 mph in under two seconds and on to a top speed of over 200 mph . The top-of-the-range Sapphire starts at $249,000.for the electric single-seater racing in this year’s Formula E championship.
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