Lucid Prepares Affordable Compact SUV for Late 2026 Production, Will It Still Be Around?

Lucid posted the first-quarter earnings, which were as bad as analysts expected. However, the EV startup thinks it will be around long enough to launch a more affordable model. The Tesla Model Y competitor is expected to start production in late 2026 unless Lucid kicks the bucket by then. These are rough times for EV startups, and the harsh economic conditions have spared none in the past 12 months. Rivian is arguably the best positioned ... (continue reading...)