Competitor Rivian Automotive also announced its Q4 2023 results. While the company delivered 50,000 vehicles in 2023, it also reported a quarterly loss of $1.5 billion. Unfortunately, Rivian also announced it would lay off 10% of its salaried workers.
https://www.fastcompany.com/91034698/rivian-layoffs-2024-lucid-stock-price-bad-ev-week