Lucid Motors has pulled its guidance for the year, citing a buildup of inventory and the impact of a companywide cost-cutting effort. The move signals uncertainty in how many EVs the automaker can realistically produce and sell in the near term, as it works to regain control of inventory levels and spending.
Uber is outsourcing key upkeep for its Lucid Motors robotaxi fleet to Hertz via a newly formed affiliate, Oro Mobility. The fleet management firm is set to handle cleaning, charging, and repairs across multiple mobility segments, reducing operational friction for Uber’s autonomous expansion. The move signals how quickly robotaxi programs are turning to established fleet services.
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