From CNBC: 2025-02-25 17:28:39

Lucid Group announced CEO Peter Rawlinson’s resignation as they plan to increase vehicle production to 20,000 units this year. Rawlinson will now serve as a strategic technical advisor. Marc Winterhoff takes over as interim CEO. The company reported a net loss of $636.9 million in Q4 2024. Shares were up 8% in afterhours trading.



Read more at CNBC:: Lucid CEO Peter Rawlinson steps down; EV maker plans to double production