Lucid has delayed the launch of its midsize Cosmos until the second half of 2027. Electric crossover was originally supposed to arrive this year for under $50,000. The company is revamping itself to cut costs, preserve cash, and streamline operations. Lucid Motors is struggling and the company only delivered 3,953 vehicles in the second quarter. That’s a drop in the bucket, but it was a 19% improvement from a year ago. Since going from terrible to awful isn’t great, the company has announced an “operational reset.” It aims to slash costs, reduce cash burn, and simplify operations. More: Lucid To Lay Off 18% Of Its US Workforce, Just Four Months After Cutting 12% As CEO Silvio Napoli explained, “Lucid has leading technology, compelling products and deeply committed people, but potential is not performance.” As a result, the company is going “back to basics, with a clear focus on cash, customers, and culture.” ...