Lucid Motors cuts 18% of workforce as new CEO dismantles second production shift
THE SO WHAT
An 18% headcount cut and scrapping a second production shift four months after a 12% layoff shows how aggressively EV makers are re-baselining demand and capex. If you’re in the EV supply chain, treat OEM forecasts as soft guidance — diversify customers and watch for similar production rationalizations before overcommitting capacity.
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