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 ...

Production and Delivery - Lucid Group, Inc. announced production and delivery totals for Q4 and full year 2024 on January 6, 2025[7]. - The company reported a total of 20,000 vehicles produced in 2024, representing a 25% increase compared to 2023[7]. - Deliveries for Q4 2024 reached 5,500 vehicles, a 30% increase from Q3 2024[7]. - Lucid Group expects to achieve a production target of 30,000 vehicles in 2025, indicating a 50% growth year-over-year[7]. Market Expansion and Product Development - The company is focusing on expanding its market presence in Europe and Asia, with plans to enter two new countries by mid-2025[7]. - New product launches are scheduled for 2025, including the Lucid Air Touring model, aimed at increasing market competitiveness[7]. - The company is investing $500 million in R&D for new battery technology to enhance vehicle range and efficiency[7]. Financial Performance - The company reported a revenue of $1.2 billion for 2024, a 40% increase from the previous year[7]. - Lucid Group's gross margin improved to 15% in Q4 2024, up from 10% in Q3 2024[7]. Strategic Growth Initiatives - Lucid Group is exploring strategic partnerships for potential mergers and acquisitions to accelerate growth[7].

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]

Produced 3,386 vehicles in Q4 and 9,029 vehicles in 2024, in line with the 2024 annual production guidance of 9,000 vehicles Delivered 3,099 vehicles in Q4 and 10,241 vehicles in 2024; up 79% compared to Q4 2023 and up 71% compared to full year 2023 Q4 revenue of $234.5 million and annual revenue of $807.8 million GAAP net loss per share of $(0.22) in Q4 and $(1.25) in full year 2024; non-GAAP net loss per share of $(0.22) in Q4 and $(1.04) in full year 2024 Ended the quarter with approximately $6.13 billi ...

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 ...