Highest-materiality recent filing
Silvio Napoli becomes CEO of Lucid; Winterhoff returns to COO
Silvio Napoli appointed CEO effective June 1, 2026; previously announced on April 14.
Lucid Q1 revenue $282.5M (+20% YoY); production up 149%; raises $1.05B capital
Revenue $282.5M (+20% YoY); produced 5,500 vehicles (+149%), delivered 3,093.
Lucid secures $550M private placement from PIF affiliate Ayar via Series C Convertible Preferred
Ayar purchased 55,000 shares of Series C Convertible Preferred Stock for $550M on April 28, 2026.
Lucid names Silvio Napoli as next CEO; Winterhoff to resume COO
Silvio Napoli, former Chairman/CEO of Schindler Group, appointed as next CEO effective April 15, 2026; will also join Board.
Ayar (PIF affiliate) invests $550M in convertible preferred stock; Uber subsidiary invests $200M in common stock.
Lucid prices $300M offering; Uber ups investment to $500M; PIF adds $550M convertible preferred
Underwritten public offering of common stock for $300M gross; expected close April 15, 2026.
Lucid Q1 production 5,500; deliveries 3,093; Gravity seat issue disrupted 29 days
Produced 5,500 vehicles and delivered 3,093 in Q1 2026.
Lucid unveils Midsize platform (<$50k SUV), Uber partnership, robotaxi concept at Investor Day
Midsize platform includes Lucid Cosmos and Lucid Earth SUVs; pricing starts below $50,000.
Lucid Q4 revenue $522.7M, up 123% YoY; cuts 12% of US workforce, guides 2026 production 25-27k
Q4 revenue $522.7M (+123% YoY); full year revenue $1.35B (+68%). GAAP diluted EPS $(3.62) Q4, $(12.09) FY.
Housing subsidy extended from 6 to 12 months; annual French retirement stipend increased from $100K to $200K.
Lucid Q4 production jumps 116% QoQ to 8,412 vehicles, full-year output up 104%
Q4 2025 production: 8,412 vehicles (+116% vs Q3); deliveries: 5,345 vehicles (+31% vs Q3).
Net proceeds ~$962.4M after full exercise of $100M option; used $752.2M to repurchase $755.7M of 1.25% notes due 2026.
Lucid launches $875M convertible notes offering due 2031; also to repurchase portion of 2026 notes
Offers $875M (plus up to $100M greenshoe) of convertible senior notes due Nov 2031; interest rate & conversion price to be set at pricing.
Lucid Q3 revenue $336.6M (+68% YoY), deliveries 4,078; secures $2B PIF credit facility
Q3 revenue $336.6M (+68% YoY); deliveries 4,078 (+47%); production 3,891 (+116%).
Lucid Q3 2025 deliveries of 4,078 vehicles; production of 3,891 plus 1,000+ for Saudi Arabia
Produced 3,891 vehicles in Q3 2025, with over 1,000 additional units built for Saudi Arabia final assembly.
Lucid Group effects 1-for-10 reverse stock split; authorized shares reduced to 1.5B
Reverse stock split at 1:10 ratio effective 5:00 p.m. ET on Aug 29, 2025.
Lucid shareholders approve reverse stock split, board authorized to implement
Shareholders voted 2,428,788,369 in favor, 35,327,834 against, 2,247,966 abstained.
Lucid Q2 revenue $259.4M, EPS -$0.28; deliveries up 38% YoY; cuts 2025 production outlook
Q2 revenue $259.4M; GAAP diluted EPS -$0.28; non-GAAP diluted EPS -$0.24.
Lucid proposes 1-for-10 reverse stock split, files preliminary proxy
Special meeting sought to authorize Board to effect a 1:10 reverse split of Class A common stock.
Minimum commitment of 20,000 Lucid Gravity Plus vehicles over six years; production targeted late 2026.
Lucid reports Q2 production of 3,863, deliveries of 3,309; earnings call Aug 5
Q2 2025 production: 3,863 vehicles; deliveries: 3,309 vehicles.
Stockholders approve 184M share increase to stock incentive plan at annual meeting
Stockholders approved amendment to 2021 Stock Incentive Plan, increasing authorized shares by 184 million for future equity grants.
Lucid Q1 revenue $235M, deliveries up 58% YoY, GAAP EPS loss $(0.24)
Delivered 3,109 vehicles (+58.1% YoY); produced 2,212 vehicles (excl. 600+ for Saudi factory gating).
Lucid prices $1.1B 5% convertible notes due 2030; buys back $1.05B of 2026 notes
Issued $1.1B aggregate principal of 5.00% convertible notes due 2030, including $100M option exercise by underwriters.
Lucid prelim Q1 rev $232M-$236M, deliveries 3,109, liquidity $5.7B
Revenue estimated $232M-$236M for Q1 2025; cash and investments ~$4.5B.
Lucid announces proposed $1B convertible notes offering due 2030
Proposed $1,000M aggregate principal convertible notes due 2030; initial purchasers may buy additional $100M within 13 days.
Lucid Q1 production 2,212 vehicles, deliveries 3,109 vehicles; sets May 6 earnings call
Produced 2,212 vehicles in Q1 2025, plus over 600 additional vehicles in transit to Saudi Arabia for final assembly.
Lucid registers for resale of 871M common shares and convertible preferred shares
Registered 100K shares of Series A Convertible Preferred Stock.
Lucid CEO Peter Rawlinson resigns; COO Marc Winterhoff named interim CEO
Peter Rawlinson resigned as CEO and CTO effective Feb 21, 2025; becomes Strategic Technical Advisor to Chairman.
Q4 revenue $234.5M, full year revenue $807.8M; GAAP net loss per share $(0.22) Q4, $(1.25) FY; non-GAAP $(0.22) Q4, $(1.04) FY
Lucid appoints Taoufiq Boussaid as CFO; Gagan Dhingra promoted to SVP Finance
Boussaid to join Jan 29, 2025, become CFO upon filing of 2024 10-K; previously CFO at Bekaert.
Lucid Q4 production 3,386, deliveries 3,099; FY2024 production 9,029, deliveries 10,241
Q4 2024: produced 3,386 vehicles, delivered 3,099 (approx. 7% operating leases).
Lucid Q3 revenue $200M, deliveries up 91% YoY; raised $1.75B in October
Q3 deliveries 2,781 vehicles (+90.9% YoY); produced 1,805 vehicles; on track for ~9,000 vehicles in 2024.
Lucid raises ~$1.65B in combined public offering and private placement led by Ayar
Ayar Third Investment Company agrees to buy 374.7M shares for ~$971M in private placement; closing Oct 31, 2024.
Preliminary Q3 2024 revenue estimated between $199M and $200M, and loss from operations between $765M and $790M.
Lucid Q3 2024: 1,805 vehicles produced, 2,781 delivered; earnings call Nov 7
Produced 1,805 vehicles in Q3 2024; delivered 2,781 vehicles, of which ~8% were under operating lease accounting.
Through August 31, 2024, Lucid delivered more cars in 2024 than in all of 2023, indicating accelerating production.
Lucid announces Technology & Manufacturing Day on Sept 10, showcasing Gravity SUV
Event on Tuesday, Sept 10 at 8:00am PT, livestreamed from Arizona factory (AMP-1).
Lucid raises $750M from PIF affiliate via Series B Convertible Preferred Stock
Ayar purchased 75,000 shares of Series B Convertible Preferred Stock for $750M on Aug 16, 2024.
Ayar (PIF affiliate) to buy $750M Series B convertible preferred stock, convertible into ~171M shares at $4.3799/share.
Lucid Q2 revenue $200.6M, deliveries up 70.5% YoY; secures $1.5B PIF commitment
Q2 deliveries of 2,394 vehicles, up 70.5% vs Q2 2023; produced 2,110 vehicles.
Lucid Q2 2024 production 2,110 vehicles, deliveries 2,394; earnings call Aug 5
Lucid produced 2,110 vehicles and delivered 2,394 vehicles in Q2 2024 (quarter ended June 30).
Lucid Group stockholders approve 119M share increase for 2021 Stock Incentive Plan
Stockholders approved amendment to 2021 Stock Incentive Plan: 119,000,000 additional shares available.
Lucid Group cuts ~400 jobs (6% of workforce) in restructuring; expects $21-25M charges
Workforce reduction of approximately 400 employees (roughly 6%) across US, including leadership and mid-level management.
Mr. Marc Winterhoff has resumed his previous role of Chief Operating Officer of the Company effective as of the same day
Mr. Silvio Napoli has been appointed as the Company’s Chief Executive Officer and principal executive officer effective as of June 1, 2026
On February 25, 2025, Lucid Group, Inc. (“ Lucid ” or the “ Company ”) announced that Peter Rawlinson, the Company’s Chief Executive Officer (“ CEO ”) and Chief Technology Officer, resigned from his positions and the Company’s board of directors (the “ Board ”) on February 21, 2025 (the “ Effective Date ”).
On the Effective Date, Mr. Rawlinson was appointed as Strategic Technical Advisor to the Chairman of the Board and will be available in this role through February 21, 2027.
On the Effective Date, in connection with Mr. Rawlinson’s departure, the Board appointed Marc Winterhoff, the current Chief Operating Officer (“ COO ”) of the Company, as Interim CEO, effective immediately.
On the effective date of Mr. Boussaid’s appointment as Lucid’s Chief Financial Officer, Gagan Dhingra will cease serving as the Company’s Interim Chief Financial Officer, and will be promoted to Lucid’s Senior Vice President, Finance and Accounting.
Taoufiq Boussaid will join the Company on January 29, 2025, and will be appointed the Company’s Chief Financial Officer upon the filing of the Company’s Annual Report on Form 10-K for the fiscal year 2024.
Max materiality 0.90 · Median 0.70 · Most common event other_material