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Lucid

Air, Gravity, Sapphire and the KAEC ramp — Lucid coverage with the range-efficiency lens it deserves.

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Jun 22
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Lucid's Bold Move: Expanding EV Lineup to Challenge Industry Giants
Lucid

Lucid Motors Faces Backlash Over $7,600 Lease-End Bill As EV Startup Revises Wear Policies

Lucid Motors is scrambling to contain a customer relations crisis after lease-return customers reported receiving excessive wear-and-tear bills reaching thousands of dollars for minor cosmetic damage. One customer’s jaw-dropping $7,600 charge for issues including a nearly $5,000 taillight replacement has sparked widespread complaints on Reddit and owner forums, forcing the financially struggling E

GM

GM Lays Off 3,300 EV Workers As Battery Plants Idle Following Tax Credit Expiration

General Motors is laying off more than 3,300 electric vehicle workers across Michigan, Ohio, and Tennessee as the automaker slashes EV production following the expiration of federal tax credits. The cuts represent one of the most significant workforce reductions in the industry since the $7,500 EV incentive ended on September 30, 2025. The layoffs come…

Rivian Spins Out $1B E-Bike and AI Startups to Fund Tech with VC Cash
Rivian

Read Rivian CEO’s Memo On 600+ Layoffs: What He Said—And What He Didn’t

Rivian CEO RJ Scaringe sent an internal memo to employees Thursday announcing the company’s third workforce reduction in four months, cutting roughly 600 jobs as the electric vehicle maker struggles with collapsed post-tax-credit demand. The carefully worded message emphasized “structural adjustments” for the upcoming R2 launch while conspicuously avoiding the financial crisis threatening the comp

Uber Launches $4,000 EV Grants For Drivers As Federal Tax Credit Expires
Tesla

Uber Launches $4,000 EV Grants For Drivers As Federal Tax Credit Expires

Uber is launching a $4,000 grant program for drivers purchasing electric vehicles in select states, stepping in just as the federal EV tax credit vanished from the market. The ride-hailing giant announced Wednesday it’s rebranding “Uber Green” to “Uber Electric” while rolling out its Go Electric grants to drivers in California, New York, Colorado, and…

Lucid

Lucid Motors Executes 1-for-10 Reverse Stock Split as EV Sales Lag Behind Projections

Lucid Motors will move forward with a rare 1-for-10 reverse stock split, set to take effect on September 2, in an effort to boost the electric vehicle (EV) maker’s struggling share price, according to a Barron’s report. The move comes as Lucid stock trades near record lows and far below early Wall Street expectations for…

Rivian

Rivian CEO Teases R4, R5, and Possible R6 as Affordable EV Roadmap Expands

Rivian CEO RJ Scaringe has hinted at a broader lineup of affordable electric vehicles, including the R4, R5, and potentially an R6, following the launch of the R2 in early 2026 and R3 in 2027. The comments came during his appearance on Daniel Tosh’s Tosh Show podcast, where he also discussed the company’s ongoing production…

Rivian

Rivian Faces $100 Million Revenue Loss as Fuel Economy Credit Program Stalls

One paused letter, nine figures on hold. Rivian says NHTSA’s paperwork freeze has iced $100 million in credit deals. Electric truck maker Rivian is bracing for a $100 million revenue shortfall after the Trump administration halted the issuance of compliance paperwork tied to U.S. fuel economy rules. The pause has frozen a regulatory credit market…

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