Lucid Motors is laying off 18% of its workforce, roughly 1,500 employees, just four months after the EV maker cut 12% of its staff. The company also confirmed Monday that it has eliminated the second production shift at its Casa Grande, Arizona factory.

It’s the second mass layoff under a new leadership regime that is barely three weeks old, and it lands as the US EV market cools and automakers retreat from their electric plans.

Lucid has registered the design of its upcoming Cosmos with the European Union Intellectual Property Office, giving us the clearest look yet at the sub-$50,000 crossover the automaker is betting its future on.

The filing, published last week, shows the production design of Lucid’s first mass-market EV from every angle, inside and out, months before its expected reveal this summer.