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24,258 signal articles · 48 in last 24h · 115,243 total before filter · latest 1h ago
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EV Maker Lucid Hires Firm to Advise on Turnaround
The Wall Street Journal32d agoneutral
EV Maker Lucid Hires Firm to Advise on Turnaround

Electric-vehicle startup Lucid Group has hired a financial adviser to counsel it on a turnaround, the company said Tuesday. AlixPartners, the financial adviser, will provide advice on “improving execution, strengthening operations and positioning Lucid to realize the full potential of its technology, products and innovation,” a Lucid spokesman said. Shares fell more than 15% on Tuesday following a report that Lucid could seek bankruptcy or go private.

Bloomberg32d agobearish
Lucid Sinks on Report EV Maker’s Considering Possible Bankruptcy

(Bloomberg) -- Lucid Group Inc. shares sank Tuesday after a news report said the electric vehicle maker is working with a restructuring advisor and weighing options that include filing for bankruptcy protection or going private.Most Read from BloombergUS Hits Iran With Strikes, Blockade as Trump Plans Hormuz ChargeUS CPI Falls for the First Time Since 2020, Core Gauge FlatA Cocaine Bust in Spain Leads All the Way to Wall Street‘We Faltered’: IBM Plunges Most Since 1968 on Sales MissTrump Shelves

Tesla rival forced to make big changes amid EV shift
TheStreet53d agoneutral
Tesla rival forced to make big changes amid EV shift

2025 was a rough year for electric vehicle sales in the U.S. Despite a record-setting pace through the first three quarters of the year, thanks to the expiration of the $7,500 tax credit, EV sales dropped so far off a cliff in the fourth quarter that many of the top internal combustion engine ...

Investing.com54d agobearish
Lucid Group cuts 18% of US workforce, stock slides

Investing.com -- Lucid Group (NASDAQ:LCID) announced Monday it will reduce its U.S. workforce by approximately 18% and that Chief Operating Officer Marc Winterhoff has departed the company.

EV maker Lucid to cut about 18% of US workforce, COO Winterhoff exits
Reuters54d agoneutral
EV maker Lucid to cut about 18% of US workforce, COO Winterhoff exits

EV maker Lucid Group said on Monday it would cut about 18% of its U.S. workforce and announced ‌COO Marc Winterhoff had left the company, marking its second major ‌executive change in recent months as it tries to boost profitability amid growing competition. In April, the EV maker appointed former Schindler ​chief Silvio Napoli as CEO.

Lucid loses crucial EV exec after CEO shift
TheStreet64d agoneutral
Lucid loses crucial EV exec after CEO shift

Less than two weeks after Silvio Napoli took over as Lucid’s new chief executive officer, an experienced senior executive has departed in another leadership shake-up for the EV maker. Emad Dlala, Lucid’s senior vice president of engineering and software, has left the company just months after ...

Exclusive-Uber's commitment to self-driving startup Nuro is close to $500 million, sources say
Reuters73d agoneutral
Exclusive-Uber's commitment to self-driving startup Nuro is close to $500 million, sources say

Uber has committed close to half a billion dollars in self-driving startup Nuro, two sources directly aware of the matter told Reuters, detailing the ‌extent of a major investment by the ride-hailing company in developing commercial robotaxis. Uber has ​been positioning itself as a platform for the nascent industry and has partnered with many autonomous vehicle companies, including Chinese tech giant Baidu, U.S. electric vehicle maker Rivian, and British startup Wayve. One of Uber's commitments is a three-way partnership with Nuro and electric vehicle company Lucid to roll ‌out 35,000 robotaxis using Lucid's Gravity ⁠SUVs and upcoming midsize vehicles, Nuro's technology and Uber's platform.

Citi Cuts Lucid Price Target to $14: Q1 Miss, Pulled Guidance Test the Saudi-Backed EV Maker
24/7 Wall St.92d agobearish
Citi Cuts Lucid Price Target to $14: Q1 Miss, Pulled Guidance Test the Saudi-Backed EV Maker

Citi just trimmed its price target on Lucid Group (NASDAQ:LCID) to $14 from $17, while keeping a Buy rating. Analyst Michael Ward cited the company’s Q1 2026 miss and the withdrawal of its 2026 outlook, but argued the medium-term thesis remains intact. For long-term investors, the price target cut reads as a sobering near-term recalibration ... Citi Cuts Lucid Price Target to $14: Q1 Miss, Pulled Guidance Test the Saudi-Backed EV Maker

Lucid Diagnostics Q1 Earnings Call Highlights
MarketBeat93d agoneutral
Lucid Diagnostics Q1 Earnings Call Highlights

Lucid Diagnostics (NASDAQ:LUCD) reported first-quarter 2026 EsoGuard test volume above its pre-Medicare target range, while management said it continues to await a Medicare local coverage determination and is expanding efforts with the Department of Veterans Affairs, commercial payers and health sys