During Lucid’s second-quarter earnings call last week, CEO Silvio Napoli didn’t mince words about the automaker’s struggles. Among many things, he admitted that Lucid had previously launched vehicles before they were ready and underinvested in service.
It was a rare admission of fault from Lucid, summed up well by Tim Levin in his latest story. Tim looks at how two of America’s most promising EV startups—Lucid and Rivian—are preparing to survive an increasingly difficult environment. Not just for EV sales, but for the broader auto industry.
What else is happening today?
Kevin Williams has driven over 25 cars in China. He picks the ones he thinks are the best.
California launched a new EV credit to help spur demand. Tesla used up its share of the cash within a week.
Ford dealers were shown an affordable hybrid crossover that will start around $25,000 and look like a first-generation Escape.
— Suvrat Kothari, Staff Writer
Photo: Lucid
What Rivian And Lucid's Latest Earnings Say About The EV Startup Race
America's two biggest EV startups are facing more distinct challenges than ever, as Rivian launches the R2 and Lucid delays the Cosmos.
Photo: InsideEVs
After Driving Over 25 Chinese Cars, These Are The 6 I Would Buy
These six cars represent what I think are the best of what China has to offer. I wouldn’t mind seeing them in my driveway every day.
Photo: Kevin Williams
Tesla Burned Through Its California EV Rebate Funds In Just Five Days
California launched a new EV credit to help spur demand. Tesla used up its share of the cash within a week.
Photo: Suvrat Kothari
The Ford Fathom Will Get a $25,000 Hybrid Crossover Sibling: Report
Ford dealers were shown an affordable hybrid crossover that will start around $25,000 and look like a first-generation Escape.