Ross Gerber Calls Uber's 3,300 Job Cuts ‘First Victims of the AI Era’—One Day Before Tesla Cybercab Launch
Ross Gerber links ride-hailing giant Uber’s 10% layoffs to AI and its autonomous push, timed with Tesla’s Cybercab launch.
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Citigroup Maintains Buy on Lucid Group, Lowers Price Target to $11
Citigroup analyst Michael Ward maintains Lucid Group (NASDAQ:LCID) with a Buy and lowers the price target from $14 to $11.
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Uber Axes 3,300 Jobs to Build Its Autonomous Future
Uber cuts 3,300 jobs (10% of staff) to slash management layers and simplify operations, bringing total workforce under 30,000.
Lucid Stock in Focus Friday Following Major NHTSA Recall Announcement
Shares of Lucid Group are trading flat Friday morning as investors process a major vehicle recall. Here's what investors need to know.
Why Lucid Stock Is Sinking This Week
Lucid stock declined 7.6% this week, down 52% year-to-date, amid concerns over new U.S.-Canada tariffs on automobiles and the company's slow progress toward profitability. The EV maker faces headwinds from potential tariff impacts, operational issues including vehicle recalls and cybersecurity breaches, and struggles to achieve economies of scale necessary to improve gross margins.