Lucid stock pops on Q4 results, announces CEO transition

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Tue, Feb 25, 2025, 2:56 PM

Lucid (LCID) released fourth-quarter earnings Tuesday afternoon, surpassing analyst expectations. The luxury electric vehicle maker reported revenue of $234.5 million, significantly outpacing the anticipated $212 million. The auto company also managed to post a narrower-than-expected adjusted loss of $0.22 per share, better than the expected $0.25 per share loss.

Yahoo Finance Senior Autos Reporter Pras Subramanian analyzes the company's results and examines the leadership transition as COO Marc Winterhoff assumes the role of interim CEO.

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This post was written by Angel Smith