Reported about 13 hours ago
Lucid Motors (LCID) experienced a stock surge after announcing better-than-expected Q4 results and the planned departure of CEO Peter Rawlinson, who will become a strategic adviser. COO Marc Winterhoff will serve as interim CEO as the company seeks a new leader. Lucid's production guidance for 2025 is set at around 20,000 vehicles, more than double the previous year's output. The company reported revenues of $234.5 million and a smaller-than-expected loss, highlighting significant progress in production and gross margins.
Source: YAHOO