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Lucid CEO Steps Down As EV Maker Plans To Double Production

Lucid CEO Peter Rawlinson has stepped down, with COO Marc Winterhoff taking over as interim CEO. The company also announced its fourth-quarter financial results and revealed plans to more than double vehicle production to 20,000 units in 2025. CNBC reports: Winterhoff told CNBC on Tuesday that it w...

The company also announced its fourth-quarter financial results and revealed plans to more than double vehicle production to 20,000 units in 2025. In a statement posted Tuesday on LinkedIn, Rawlinson said he decided it was "finally the right time" to step down after "successfully" launching the company's second product, a three-row SUV called the Gravity. The CEO change and production target were announced in conjunction with the automaker's fourth-quarter financial results.

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