Independent thinking for complex markets and current events
The luxury EV maker reported a difficult first quarter tonight, with a market cap sitting at a precarious $2.39 billion as debt concerns mount… Management is hosting a call to discuss the results, but the early data shows the high interest rate environment is suffocating the luxury electric market… Production and delivery numbers are struggling …
When Dr Michelle Carr was a postdoctoral researcher at Swansea University, she would cycle down a long, dark stretch of the Welsh coastline every morning in a race to beat the sunrise. Waiting for her at 7.30am sharp, in a stout little building nestled in Swansea Bay, was a revolving cast of volunteers, whose dreams …
Dell Layoffs To Hit 12,500 or More Employees Worldwide Starting Tomorrow, Affect 10% of Tech Giant’s Global Workforcehttps://t.co/y76X7zPFXe#DellLayoffs #Layoffs #Dell #Layoffs2024 #WorkforceReduction #Jobs #Workforce #JobCuts #Technology @theafricanptv @RadarHits @expordia — LatestLY (@latestly) August 6, 2024 The full list of major US companies slashing staff this year, from Tesla and Lucid Motors to Google and Dell …
Lucid’s second quarter earnings fell short of expectations after per-vehicle losses went viral. 2023 is a make-or-break year for startups like Lucid. Analysts are still optimistic about the second half of 2023. It’s a tough time to be an electric-vehicle startup, and luxury brand Lucid is no exception. The startup, founded by former Tesla Chief Engineer Peter …