Core Insights - Lucid Group's CEO Peter Rawlinson is stepping down as the company anticipates more than doubling vehicle production to 20,000 units in 2025 [1] - In 2024, Lucid reported production of 9,029 vehicles and deliveries of 10,241 cars, with fourth-quarter production of 3,386 units and deliveries of 3,099 vehicles [1] Leadership Changes - Marc Winterhoff, the current COO, will take over as interim CEO following Rawlinson's departure [2] - Rawlinson will transition to a role as a strategic technical advisor to the chairman of the board [2]

Core Points - Lucid Motors is changing its CEO for the first time in nearly six years, with Peter Rawlinson stepping down from his roles as CEO and CTO [1] - Marc Winterhoff, the current chief operating officer, has been appointed as the interim CEO [1] - Rawlinson will transition to a role as a "strategic technical advisor" to Turqi Alnowaiser, who is the chairman of the board and a key executive at Saudi Arabia's sovereign wealth fund, which is the majority owner of Lucid [1]

Lucid Group, Inc. (Exact name of registrant as specified in its charter) Washington, D.C. 20549 FORM 10-K (MARK ONE) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to UNITED STATES SECURITIES AND EXCHANGE COMMISSION Commission File Number: 001-39408 Delaware 85-0891392 (State or other jurisdiction of i ...

Core Insights - Peter Rawlinson has transitioned from his roles at Lucid Group to become the Strategic Technical Advisor to the Chairman, while Marc Winterhoff has been appointed as the Interim CEO [1][2][3] - The Board of Directors has initiated a search for a new permanent CEO to support the company's strategic initiatives and long-term growth [2][3] - Rawlinson expressed pride in Lucid's achievements over the past twelve years, highlighting the company's growth from a small startup to a recognized leader in sustainable mobility [3] Company Transition - The leadership transition is part of Lucid's regular succession planning process, with the Board collaborating with an executive search firm to find a new CEO [2] - Winterhoff, with a strong background in the automotive industry, is expected to lead the company effectively during this transition period [3] - The company aims to ramp up production of the Lucid Gravity and prepare for the launch of three midsize platform vehicles while focusing on cost reduction [3] Company Overview - Lucid Group is a technology company based in Silicon Valley, specializing in advanced electric vehicles, including the award-winning Lucid Air and the new Lucid Gravity [4] - The company operates a vertically integrated factory in Arizona, emphasizing its commitment to innovation and energy efficiency in the EV sector [4]

Financial Performance - Lucid Group produced 3,386 vehicles in Q4 2024 and delivered 3,099 vehicles during the same period, with total production for the year at 9,029 vehicles and deliveries at 10,241 vehicles, marking a 79% increase in Q4 deliveries and a 71% increase in annual deliveries compared to 2023 [2][8] - The company reported Q4 revenue of $234.5 million and annual revenue of $807.8 million, with total liquidity at approximately $6.13 billion at the end of the quarter [3][8] - The GAAP net loss per share was $(0.22) for Q4 and $(1.25) for the full year 2024, while the non-GAAP net loss per share was $(0.22) for Q4 and $(1.04) for the full year 2024 [8] Production Guidance - Lucid announced its 2025 annual production guidance of approximately 20,000 vehicles, indicating a significant ramp-up in production compared to 2024 [2][8] Leadership Transition - Peter Rawlinson stepped down as CEO and will serve as Strategic Technical Advisor to the Chairman of the Board, while Marc Winterhoff, previously COO, has been appointed as Interim CEO [4][8] Operational Highlights - The company experienced significant momentum in 2024 with four consecutive quarters of record deliveries and made substantial progress in improving gross margins and managing operating expenses [4][8]

NEW YORK, Feb. 25, 2025 /PRNewswire/ -- Lucid Diagnostics Inc. (Nasdaq: LUCD) ("Lucid" or the "Company"), a commercial-stage, cancer prevention medical diagnostics company, and subsidiary of PAVmed Inc. (Nasdaq: PAVM), today announced that it has received written notification from the Listings Qualifications Department of the Nasdaq Stock Market LLC ("Nasdaq") that the Company has regained compliance with the minimum bid price requirement for continued listing on the Nasdaq Capital Market.As previously disc ...

Shares of Lucid Group (LCID -9.64%) plunged below $3 Monday, and were down by 10% as of 2:30 p.m. ET. A significant analyst downgrade appears to have triggered the sell-off. Why is this analyst so bearish about Lucid stock?Redburn Atlantic analyst Tobias Beith downgraded Lucid stock to sell from neutral, slashing his price target from $3.50 a share to only $1.13 per share. That new target is 63% below the electric vehicle (EV) maker's closing price Friday.Although Beith believes it won't be easy for Lucid's ...

Is the struggling electric vehicle maker a turnaround play?Lucid Group (LCID -7.35%) has disappointed many investors since its public debut in July 2021. The maker of luxury electric sedans went public by merging with a special purpose acquisition company (SPAC), and it opened at $25.24 on its first day.Its stock more than doubled to its record closing price of $55.52 just four months later, but it now trades at about $3 a share. Let's see why Lucid's stock crashed and burned, and if it's worth buying as a ...

Lucid (LCID -7.85%) stock is heading lower in Friday's trading amid a day of big sell-offs for the broader market. The electric vehicle (EV) specialist's share price was down 7.6% as of 3:40 p.m. ET. Meanwhile, the S&P 500 (^GSPC -1.73%) was down 1.7%, and the Nasdaq Composite (^IXIC -2.25%) was down 2.2%.Lucid is retreating today due to a combination of catalysts. In addition to bearish macroeconomic indicators, the company's share price is likely also being pressured by guidance from Rivian -- another pla ...

Lucid Group (LCID) closed the latest trading day at $3.31, indicating a -1.78% change from the previous session's end. The stock trailed the S&P 500, which registered a daily loss of 0.43%. On the other hand, the Dow registered a loss of 1.01%, and the technology-centric Nasdaq decreased by 0.47%.Heading into today, shares of the an electric vehicle automaker had gained 26.22% over the past month, outpacing the Auto-Tires-Trucks sector's loss of 8.96% and the S&P 500's gain of 2.6% in that time.The investme ...