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Lucid CEO Peter Rawlinson steps down; EV maker plans to double production


New Brand Lucid Electies Set Parked Parked in front of a Learned Salzi Showroom in San Francisco within 24 May 1924.

Justin sullivan | Getty images

Electric produc Long group Tuesday said CEO Peter Rawlinson has caught as the company is waiting for the vehicle’s vehicle production this year at 20,000 units.

Lucid said Marc winhohOHf, Office of the Office of the Office, took it like the interim CEO. Rawlinson serves as a “strategic technical adviser to the boarding preside, step aside of their previous roles,” The company said.

Winterhoff said CNBC Tuesday that was Rawlinson’s decision for Friday resignation, however declined on any additional details.

“I was Peter’s deciding after 12 years of, we say: daily activities be today and put live Berger in 2023.

In a statement Place on tuesday on LinkedInRawlinson said he was “finally right” to escape later “successfully” launches the second production of the company, a SUV of three boys; Did not elaborate more about the decision in the long public.

Rawlinson’s departure is unexpectedly. As one of the ships more than society, which served officers of the leaders, he took his passion and distress in amicoker. I took public lucid through reverse home with a special, or spaces society, or spaces, in July 2021.

CEO Peter Rwlinson a path motel, Arizona’s large, Arizona, ITixes 28 years of september, 2021.

Caitlin o’hara | Reuders

“My mission and dedication is stable. I haven’t come a single part of stock,” Rawlinson said during the November November “then, my promise is about Continue working without the day and the night to drive this long-term drive value. “

Little breeze started a search to identify a new CEO, the company said.

CEO changes and destination destination were announced in conjunction with the fourth of the automoaker’s financial quarters. For the period ended December 31, the company reported a loss for the loss of $ 636.9, or a loss of 22-cents of $ 234.5 million.

Analysts interviewed by lseg expected a loss of 25 cents to share on $ 214 million income.

During the same period last year, lucid stated a loss of net loss of $ 653.8 million, or a loss of 29 cents to share $ 157.2 million.

The purpose of production for 2025 announced on Tuesday is compared with Production Of 9,029 vehicles and consignment of 10.241 reported for 2024.

Subia of the Auntly Polishing Politics (Left) and Lidid Air Sedan Evs

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Winterhoff said Production of SUV gravity build gradually during the year. Reported to speculate on the percentage of the production of 20,000 vehicle units that will represent.

Lucid’s actions were about 8% higher during after the Tuesday of Tuesday.

At the close market, company shopkeeper was 13% of the slightest-than-planned (scheduled vehicles and uncertainty of federal support. The stock has declined by about 28% last year.

Lucid is widely sustained from the investing investment in Saudi Arabia Arabia. Her first product was the Sedan air, who started forward to the end of 2021.



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