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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