Lucid Plans $1.4B in Cash Savings as Q2 Net Loss Widens to $1.26B

Lucid Motors announced an "operational reset" targeting $1.4 billion in cash reductions: $500M in capex cuts, $600–800M in inventory savings, and $200M in operating expense cuts. CEO Silvio Napoli said the plan extends Lucid's $3 billion liquidity runway into 2027. Q2 revenue rose 56% to $405M, but net loss widened to $1.26B from $855.3M a year earlier.