Lucid Delays New $50,000 Cosmos SUV After Staggering Losses

Lucid Motors is struggling and the company only delivered 3,953 vehicles in the second quarter. That’s a drop in the bucket, but it was a 19% improvement from a year ago.

 

Since going from terrible to awful isn’t great, the company has announced an “operational reset.” It aims to slash costs, reduce cash burn, and simplify operations.