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Lucid announced an 18% workforce reduction and factory changes aimed at lowering costs. The company is betting future growth on the upcoming Cosmos and Earth electric crossovers.

The Lucid Gravity receives a major OTA update featuring hands-free driving assistance, automatic lane changes, richer navigation data, and advanced battery preconditioning displays.

New prototype images hint at Lucid’s affordable Cosmos EV crossover, a future Tesla Model Y rival focused on efficiency and rapid charging.

Nuro and Lucid received major California approvals for autonomous Gravity SUV testing. The permits move the Uber-backed robotaxi project closer to launch while Tesla still lacks driverless testing authorization in the state.

Lucid Motors names Silvio Napoli as its new CEO amid leadership transition and financial pressure. The company also receives major new investments from Saudi PIF and Uber as it prepares to scale production and expand its EV lineup.

Lucid Cosmos may lead in charging speed and efficiency with its 800V system and optimized design, while Rivian R2 focuses on practicality and earlier availability in the growing mid-size EV segment.

Lucid announced two upcoming mid-size electric SUVs called Cosmos and Earth during its 2026 Investor Day. Built on a new platform with an 800-volt system and advanced efficiency, the vehicles aim to compete in the high-volume electric crossover market.

Lucid Motors aims to produce 25,000–27,000 EVs in 2026. Its $50K midsize crossover will target higher sales and profitability, while early Gravity production and cost cuts set the stage amid strong competition.