Stock Track | Lucid Group Plummets 11.49% on CEO Departure and Doubts Over Production Targets

Stock Track

Feb 26, 2025

Lucid Group Inc (LCID) saw its stock plummet 11.49% in intraday trading on Wednesday, after the electric vehicle company announced a surprise leadership change and provided mixed signals around its production plans for 2025.

The company revealed that CEO Peter Rawlinson, who had led Lucid since 2019, would be stepping down from his role, transitioning to a technical advisory position. Chief Operating Officer Marc Winterhoff has been appointed as the interim CEO, raising concerns about the company's leadership and strategic direction going forward.

Additionally, while Lucid stated that it expects to manufacture 20,000 vehicles in 2025, a significant increase from the 9,029 vehicles produced in 2024, analysts have expressed skepticism about the company's ability to achieve this ambitious target. The mixed signals surrounding Lucid's production plans have added to the uncertainty weighing on the stock.

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The mixed signals surrounding Lucid's production plans have added to the uncertainty weighing on the stock.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LCID","symbol_name":"Lucid Group Inc","start_time":0,"source_url":"","article_id":"1167157505","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1167157505","pubTimestamp":1740585049,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Lucid Group Inc  saw its stock plummet 11.49% in intraday trading on Wednesday, after the electric vehicle company announced a surprise leadership change and provided mixed signals around its production plans for 2025.The company revealed that CEO Peter Rawlinson, who had led Lucid since 2019, would be stepping down from his role, transitioning to a technical advisory position. 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