Musk wants the electric auto maker to cut 10% off its staff according to a Reuters report.

The American automaker is going to split its auto business into two units — Ford Blue and Ford Model E. They will be housed under the same corporate umbrella.

They aren't household names yet, but Rivian and Lucid are two auto startups attracting a lot of buzz – and loads of money.

In just a few years, phasing out gas-powered cars has gone from fringe idea to mainstream policy proposal. It's still a long way from being reality, but the sense of urgency is accelerating.