Lucid Motors Is Laying Off 12% of Its Staff. Is There Any Hope for LCID Stock Here?

Lucid Group (LCID) is a cutting-edge American company specializing in luxury electric vehicles (EVs). It designs, engineers, and manufactures high-performance EVs like the Lucid Air sedan and Gravity SUV, along with advanced powertrains and battery systems. Founded in 2007 as Atieva, it was renamed Lucid Motors in 2016. The company is headquartered in Newark, California, with key manufacturing in Casa Grande, Arizona. Lucid operates primarily in the United States and Saudi Arabia while supplying tech to p ...