BUZZ-EV maker Lucid jumps as CEO to step down; quarterly revenue beat

Reuters

Feb 26, 2025

** 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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quarterly revenue beat</title></head><body><p>** Shares of electric-vehicle maker Lucid <span>LCID.O</span> rise 9.6% to $2.86 in extended trading</p><p>** CEO Peter Rawlinson to step down, the company's operating chief, Marc Winterhoff, to act as interim CEO</p><p>** The firm forecasts vehicle production this year to be around 20,000, compared with around 9,000 cars it made in 2024</p><p>** Lucid reports fourth-quarter revenue of $234.5 million, beating Wall Street analysts' expectation of $214.2 million, per data compiled by LSEG</p><p>** Posts a loss of $397.2 million in the quarter ended December 31, compared with a loss of $653.8 million a year ago</p><p>** 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 <span>TSLA.O</span> model X and Rivian's <span>RIVN.O</span> R1S vehicles</p><p>** In 2024, the company's shares fell 28.3%</p><p> (Reporting by Kritika Lamba in Bengaluru)</p><p> ((Kritika.Lamba@thomsonreuters.com))</p></body></html>\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":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250225:nL3N3PG22F:1","article_id":"2514804257","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2514804257","pubTimestamp":1740519947,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"BUZZ-EV maker Lucid jumps as CEO to step down; quarterly revenue beat** 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%  ","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"LCID":"Lucid Group Inc"},"translate_title":"BUZZ-EV制造商Lucid辞去首席执行官职务；季度收入超出预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"LCID":0.9},"content_text":"BUZZ-EV maker Lucid jumps as CEO to step down; quarterly revenue beat** 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))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"executive,dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}