Lucid CEO Out, Stock Down 17%—Is This the Beginning of the End for the EV Maker?
Lucid Group’s stock plummeted by 17% following the sudden announcement that Peter Rawlinson, the CEO and co-founder of the electric vehicle maker, will step down. This shakeup in leadership raised questions about the future direction of the company, as Rawlinson had been the driving force behind Lucid’s rise in the competitive EV market. Rawlinson, who … Read more
