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LUCID GROUP INC
Uber and Lucid team up to launch Robotaxis — 20,000 driverless cars to hit US, set to take on Tesla and Waymo in 2025Uber is making a big move into robotaxis. It is partnering with Lucid and Nuro. The aim is to launch over 20,000 robotaxis. These will be e...- An EV revolution is happening in the heart of OPECWith low running costs and government support, EVs are becoming increasingly attractive, indicating a broader trend of gasoline displacemen...
- Tesla’s missing Cybertruck is a problem for the EV revolutionTesla's Cybertruck offering has shifted, leaving only expensive models, signaling issues in producing affordable EVs. This mirrors broader ...
- EV maker Rivian takes bold bet with higher-priced vehicles amid heating competitionRivian calmed investor nerves this week by sticking to its 2023 production target and reporting better-than-expected quarterly revenue in a...
- US electric vehicle startups set for another quarter of steep cash burnHaving gone public with hopes of shaking up the automobile industry, these companies have seen their market valuations evaporate in the pas...
- Tesla shares sink 8% as Musk signals more price cuts aheadTesla's gross margins fell to a more than two-year low in the first quarter and missed market estimates, after the company kicked off a dis...
- US stock market: S&P 500, Dow dip to lower close as rate hike bets firm, banks jumpCitigroup Inc, JPMorgan Chase & Co and Wells Fargo & Co beat earnings expectations, benefiting from rising interest rates and easing fears ...
- EV startup Lucid to lay off 18% of its workforceLucid, which had about 7,200 employees at the end of last year, will incur between $24 million and $30 million in charges related to the la...
- Tesla's slowing sales, shrinking margins in focus in EV price warThe company's margins will be hit though as Tesla looks to squash competition from traditional automakers such as Ford Motor Co and unprofi...
- Tesla's price cuts promise more pain for money-losing US EV startupsTesla's move last week to slash prices globally on its EVs by as much as 20% could draw new buyers to electric cars in the industry, but al...
- Tesla stock rout puts market cap below $500 billionTesla first crossed above the $500 billion threshold in November 2020, after its share price jumped more than sixfold ahead of its inclusio...
- UAW President Ray Curry says he never spoke to Tesla or Elon MuskThe president of the United Auto Workers union said he hasn't spoken with Tesla Inc. CEO Elon Musk since the business invited him to organi...
- GM plans over six-fold increase in 2022 electric truck, Cadillac SUV productionGM Chief Executive Mary Barra told investors last week the automaker intended to accelerate production of electric vehicles, aiming to deli...
- Tesla shares sink after supply chain warning, hitting other EV makersChief Executive Elon Musk told a quarterly conference call that Tesla would not launch new models like Cybertruck this year because it woul...
- Bull market overcame virus waves, Fed pivot in tempestuous 2021The S&P 500 Index ended the last trading day of 2021 with a drop of 0.3% that still left the equity benchmark 27% higher for the year
- Elon Musk exercises more options, sells Tesla shares worth $973 millionOver the past week, Musk has sold about 8.2 million Tesla shares for around $8.8 billion. Those sales fulfill almost half of his pledge on ...
- Tesla's Elon Musk exercises more options, sells $973 million for taxesElon Musk acquired 2.1 million shares worth $2.2 billion at the Tuesday closing price and sold 934,091 for $973 million to pay taxes, the S...
- Tesla dips after Elon Musk sheds $5 billion in sharesThe electric-car maker's stock ended the session down 0.4% at $1,063.51 after tumbling earlier in the week.
- S&P closes little changed as chips boost Nasdaq in subdued holiday tradingThe S&P 500 posted 15 new 52-week highs and 6 new lows; the Nasdaq Composite recorded 114 new highs and 125 new lows.
- From Lucid to Tesla, Saudi Wealth Fund goes on spending spreeThe investments are part of plans, unveiled after the collapse in crude prices in mid-2014, to turn the PIF into the world’s biggest sovere...
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