Lucid's Ceo Steps Down as Ev Maker Aims to Double Production
Lucid Motors founder and CEO Peter Rawlinson is stepping down, but not leaving the company, as it sets its sights on doubling production over the next year. He will assume the role of Strategic Technical Advisor to the Chairman of the Board, while Chief Operating Officer Marc Winterhoff will serve as interim CEO. The leadership shuffle comes as Lucid eyes major growth for the next year and aims to sell 20,000 vehicles in 2025.
- This leadership transition underscores the challenges faced by high-growth companies in maintaining stability and continuity amidst rapid expansion.
- What strategies will Lucid employ to overcome the expected production hurdles and achieve its ambitious sales targets in the coming year?