importantSYS.SOURCE: TechCrunch• 2026-08-05T17:57:45Z

Lucid Motors Delays Affordable EV Launch Amid Quality and Strategic Overhaul

#electric vehicles #cost cutting #executive changes #supply chain

Lucid Motors delayed its affordable Cosmos EV to 2027 to address quality issues and restructure under new CEO Silvio Napoli, who is implementing cost-cutting measures and workforce reductions. The delay impacts suppliers and has led to a significant stock price drop, with the company focusing on a robotaxi service as a critical priority.

The Cosmos EV is now slated for release in the second half of 2027. CEO Silvio Napoli said he's focused on getting the EV right, as well as its nearer-term robotaxi project with Uber and Nuro.

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