Lucid Saved $1.4B, But Cosmos Delay And Staff Departures Raise Serious Questions

It’s been a challenging year for Lucid Motors, with two significant rounds of staff cuts, massive losses continuing to pile up, a recall for cars catching fire, and a delay in production of the more affordable midsize battery-electric Cosmos crossover that was supposed to save the company. In the past six months, Lucid’s stock price has fallen from $10 to about $4 a share, down from $25 a year ago.