** Shares of electric-vehicle maker Lucid LCID.O rise 9.6% to $2.86 in extended trading
** CEO Peter Rawlinson to step down, the company's operating chief, Marc Winterhoff, to act as interim CEO
** The firm forecasts vehicle production this year to be around 20,000, compared with around 9,000 cars it made in 2024
** Lucid reports fourth-quarter revenue of $234.5 million, beating Wall Street analysts' expectation of $214.2 million, per data compiled by LSEG
** Posts a loss of $397.2 million in the quarter ended December 31, compared with a loss of $653.8 million a year ago
** Lucid has been trying to diversify its product lineup and step into the SUV market with the Gravity model, going toe-to-toe with Tesla's TSLA.O model X and Rivian's RIVN.O R1S vehicles
** In 2024, the company's shares fell 28.3%
(Reporting by Kritika Lamba in Bengaluru)
((Kritika.Lamba@thomsonreuters.com))
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