Lucid will also continue to pay for Peter Rawlinson’s health insurance premiums. In 2022, stock options vested by the former CEO were valued at over $370 million. Lucid plans to more than double ...

Trading involves risk which may result in the loss of capital. May 12, 2022 Update: Due to the high potential for a collapse of the entire Terra (LUNA) ecosystem we recommend that investors undertake ...

Lucid had another year of brutal losses. Revenue hit $807 million for 2024, up from $595 million in 2023. Its net loss was $2.7 billion compared to $2.8 billion in 2023.

Lucid (LCID) CEO Peter Rawlinson is passing the baton just as the EV maker enters a critical growth phase. After over a decade at the helm, Rawlinson said it’s the right time to step aside.

Lucid Group (NASDAQ:LCID) traded lower on Wednesday after the company issued its Q4 earnings report and announced a CEO transition. In addition to leading the company, Peter Rawlinson was largely ...

American electric vehicle startup Lucid is burning through cash at an alarming rate as it tries desperately to avoid the same fate that hit defunct automakers like Canoo and Nikola. The struggles ...

Peter Rawlinson helped found the company and served as its first CTO. But he’s not leaving Lucid quite yet. Peter Rawlinson helped found the company and served as its first CTO. But he’s not ...

“Now that we have successfully launched the Lucid Gravity, I have decided it is finally the right time for me to step aside from my roles at Lucid,” says Rawlinson. “I am incredibly proud of the ...

Lucid reported the 2024 financial results, confirming widening losses amounting to $2.7 billion for the year. This brings Lucid's accumulated deficit to $12.9 billion, with no hope of stopping ...

BofA also slashed its Lucid price target to $1 from $3. Alongside the leadership change, Lucid said it expects to produce around 20,000 vehicles in 2025, up from roughly 9,000 cars in 2024. Still ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Lucid Motors chief executive Peter Rawlinson has stepped down from the Saudi-backed electric-vehicle maker ...