US EditionLucid CEO steps down; EV maker plans to more than double production in 2025
- Lucid Group's CEO Peter Rawlinson is stepping down as the company plans to significantly increase vehicle production in 2025 to 20,000 units.
- The expected production of 20,000 vehicles in 2025 is more than double the 9,029 vehicles manufactured in 2024.
- Marc Winterhoff will become the interim CEO following Rawlinson's departure.
- Rawlinson will transition to a role as a strategic technical advisor to the chairman of the board, stepping aside from his previous roles.
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Lucid Group Still a Wreck Despite Record Production and Deliveries
Despite Lucid Group (NASDAQ:LCID) driving higher after hours following its fourth-quarter earnings report that was released on Tuesday, Feb. 25, the stock crashed when the markets opened, tumbling 12%. Although Lucid beat analyst expectations for the quarter, the results still paint a messy picture of a luxury electric vehicle (EV) maker struggling to live up to its hype. While Lucid has some bright spots, the risks are crushing, and its future…
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Total News Sources57
Leaning Left5Leaning Right3Center18Last UpdatedBias Distribution69% Center
Bias Distribution
- 69% of the sources are Center
69% Center
L 19%
C 69%
12%
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