LUCID PUSHES AFFORDABLE EV TO LATE 2027

The Cosmos, Lucid's entry into the affordable EV segment, now won't arrive until at least mid-2027. The delay marks another setback for the luxury EV maker's efforts to expand beyond its premium Lucid Air sedan. Napoli said the company is prioritizing execution on two fronts: perfecting the Cosmos platform and developing a robotaxi project with Uber and Nuro. Lucid has struggled with production challenges and cash constraints since going public in 2021. The extended timeline gives Lucid additional runway to secure funding and refine manufacturing processes. The Cosmos is critical to the automaker's financial viability, as it's designed to compete with mass-market EVs from Tesla and traditional automakers. Lucid has not announced revised production volumes or pricing for the delayed vehicle.