Lucid Stock Hits Fresh All-Time Low After Engineering & Software SVP Emad Dlala Departs
Lucid stock plunged to a new all-time low at $4.74 after long-time engineering & software SVP Emad Dlala exited amid new CEO Silvio Napoli’s leadership shake-up.
Lucid stock plunged to a new all-time low at $4.74 after long-time engineering & software SVP Emad Dlala exited amid new CEO Silvio Napoli’s leadership shake-up.
Lucid missed revenue expectations, delivered fewer cars due to seat issue (now fixed), raised cash, big loss, stock fell.
Hertz jumps after teaming with Uber to run robotaxis and driver rides, expanding into self-driving and shared mobility markets.
Uber just raised its stake in Lucid to 11.5% with a $500 million investment and expanded its robotaxi order from 20,000 to 35,000 vehicles.
Uber is investing $10B in self-driving cars and robotaxis, shifting from not owning cars to owning fleets to stay competitive.
Lucid names Silvio Napoli CEO, secures $1B+ funding, pushes EV growth but faces stock drop and supply issues.