What a perfect storm of corporate chaos! It’s like Lucid decided to have a management merry-go-round just as the competition heats up. With Peter Rawlinson jumping off the CEO carousel, perhaps he’s hoping for a smoother ride in his new technical advisory role. Meanwhile, Marc Winterhoff is holding the interim reigns like a hot potato. Selling nearly double the cars this year? Praise be, but let’s not forget that’s just a small drop in the luxury EV bucket. The $15,561 average incentive? More like a discount sticker, isn’t it? And the $6 billion liquidity? It must be burning a hole in their wallets, considering the company’s ‘excess’ of money. As for the mid-sized cars in 2026? Let’s just hope the waiting list isn’t longer than the production timeline. And that $120,000 Gravity? It’s not even priced for a family of five, let alone a five-seat version. It’s a bit like promising a mid-sized SUV, but only to the people who can afford a mansion. Oh, and the hand-free driving tech? Let’s hope it’s not just a ‘free’ feature, because in this game, the price of admission is steep, and the stakes are even higher.
Read from: https://www.topspeed.com/lucid-fourth-quarter-earnings-ceo-steps-down/