Much like China's new auto contenders, Lucid Motors, a newcomer in the United States, still necessitates significant financial input to finalize its infrastructure setup, amass technological expertise, and scale up production and sales before it can ascend to the ranks of mainstream automakers. On February 21st, news broke that Lucid Motors is set to reduce its workforce by 12% (affecting roughly 6,800 employees globally) in a bid to bolster profitability. This marks the third wave of layoffs the company has undertaken since March 2023. Interim CEO Mark Whittington explained that the initiative is geared towards enhancing operational efficiency and fine-tuning resource allocation. In terms of sales performance, Lucid manufactured 18,378 vehicles last year, marking a 104% year-on-year surge; its delivery figures climbed to 15,841 units, representing a 55% increase from the previous year.