- Lucid has delayed the launch of the midsize Cosmos electric SUV.
- It was supposed to launch this year, but it will now not arrive until the second half of next year.
- The Cosmos is one part of the automaker’s ‘fundamental reset.’
Back in June, Lucid announced it would cut 18 percent of its workforce as part of a broader restructuring. The company also reduced production at its Arizona factory, and now it’s delaying the launch of its mid-size electric crossover designed to compete with the Tesla Model Y.
During the company’s second-quarter earnings call, Lucid officials revealed that its new factory will be ready to begin production of the Cosmos...
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