Lucid Motors is cutting 18% of its workforce, roughly 1,500 jobs, and eliminating a second EV production shift in Arizona.
The numbers are blunt.
This is Silvio Napoli stamping his authority on the company.
The instability did not start this week.
The timing is awkward because Lucid is supposed to be on the verge of its most important launch.
Read the complete breakdown, fixes and what happens next.