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Lucid Gets a Reprieve as Price Cuts Help it Gain Market Traction – But Saudi Cash Remains Key

Lucid Gets a Reprieve as Price Cuts Help it Gain Market Traction – But Saudi Cash Remains Key

It’s been a tough year for EV start-ups, Fisker filing for bankruptcy, and several others expected to follow. But there have been a few glimmers of hope. Price cuts helped Lucid outperform sales expectations during the second quarter, buying it time to bring a second product line to market later this year. But with Wall Street still skeptical, the California manufacturer remains critically dependent on cash from the Saudis, Lucid’s largest investor.

Hackers Hijack June Sales, Automakers Report Mixed Sales Picture

Hackers Hijack June Sales, Automakers Report Mixed Sales Picture

Hackers blurred the sales picture for June. But it appears that overall demand was less than stellar, major brands like GM, Toyota and Hyundai reporting modest declines for the second quarter overall. That said, EV sales were stronger than anticipated — with one key exception.

Who Says EV Sales Are Slowing? Tesla, Maybe – But Not GM, Ford, Toyota or the Koreans

Who Says EV Sales Are Slowing? Tesla, Maybe – But Not GM, Ford, Toyota or the Koreans

It’s become conventional wisdom that EV sales are slowing. With one high-profile exception, the latest numbers would tell you quite the opposite is true. As data roll in for June and the second quarter we’re seeing a number of manufacturers reporting solid increases...

Mercedes Pumping New Life Into its Gas Engines

Mercedes Pumping New Life Into its Gas Engines

With the EV market taking longer to charge up than many have expected, Mercedes-Benz is putting money back into the development of internal combustion technology, as well as hybrids, CEO Ola Kallenius said. But the automaker isn’t scrapping plans for a new EV architecture, despite recent reports, the executive said.

Analysts Predict Tesla Deliveries to Drop for Second Straight Quarter

Analysts Predict Tesla Deliveries to Drop for Second Straight Quarter

Electric vehicle sales have been pretty steady as a group, but that’s in large measure due to Tesla, the segment leader, seeing sales drop since the start of the year. Analysts predict Tesla’s global deliveries will drop at least 3% during Q2 while other EV makers are making gains. Find out more at Headlight.News.