TechCrunch·4 min read·medium
Lucid Motors just delayed its affordable EV. Now what?
S
Sean O'Kane
✦AI Summary
Lucid Motors has delayed the launch of its affordable 'Cosmos' SUV to 2027 as part of a broader restructuring effort. The company is cutting costs and leadership roles to address quality issues and low demand.
Lucid Motors was just months away from releasing its most affordable electric vehicle yet, a crossover SUV called the Cosmos that was supposed to start under $50,000. But this week, the company pushed the release of the Cosmos back by almost a full year to the second half of 2027, part of an effort by its new CEO to avoid the quality problems that Lucid has suffered with its existing EVs.
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