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Lucid Group cut roughly 18% of its U.S. workforce on Monday, its second mass layoff in four months, and eliminated the chief operating officer position. The move removes Marc Winterhoff, who ran Lucid as interim chief executive for more than a year. It is the first major operational decision from Silvio Napoli, the former Schindler…
Tesla restocked used Cybertrucks days after selling out, with starting prices up to $72,900 and Foundation Series trucks still stripped of permanent FSD.
Samsung Electronics will hold an equipment installation ceremony at its Taylor, Texas foundry on April 24, 2026, kicking off the final run-up to mass production of Tesla’s AI5 and AI6 autonomous-driving chips on a 2-nanometer process. Han Jin-man, president of Samsung’s Foundry Business Division, will lead the ceremony alongside executives and representatives from materials, component,…
Elon Musk unveiled Tesla and SpaceX‘s “Terafab” chip manufacturing project on the night of March 21, 2026, at a theatrical event inside Austin’s defunct Seaholm Power Plant — light beams shooting into the sky, Texas Governor Greg Abbott in the audience — and walked away without giving a construction timeline or confirming how the estimated…
Tesla officially launches the Terafab project to manufacture AI5 chips domestically. Elon Musk warns of a critical chip supply shortage by 2029, prompting Tesla to move toward semiconductor independence.
Washington state’s Senate Transportation Committee has scheduled an executive session on SB 6354 for February 27 — a bill that would open the state’s auto market to direct sales by Rivian, Lucid, and other battery electric vehicle manufacturers that have never operated through a franchised dealer network. If it clears committee, passes the full Senate,…
One day after reporting Q4 earnings that beat revenue estimates, Lucid Group filed a WARN notice with California’s Employment Development Department disclosing 319 job eliminations at its Newark headquarters, effective April 21, according to the Mercury News. That’s the third consecutive year Lucid has filed layoff notices at the same address: 123 workers cut in…
Three beats, one brutal miss, and a stock that fell anyway. Lucid Group (NASDAQ: LCID) reported Q4 2025 results today that cleared the bar on revenue, beat FactSet’s production guidance consensus for 2026, and delivered its eighth consecutive quarter of record deliveries. The market’s response: shares dropped 6.4% to $9.33 in after-hours trading. That tells…
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