BUSINESSAug 5 · 21:37 UTCBUSINESS INSIDERBen Shimkus ([email protected])

Lucid's new CEO says the EV maker launched cars before they were ready and let customers down

Lucid's new CEO, Silvio Napoli, admitted the company launched vehicles before they were ready, leading to software issues in the Air and Gravity models. The company reported a $1 billion net loss, delayed the Cosmos midsize SUV to 2027, and announced workforce reductions.

Nexus surfaces and summarizes. The full story lives at the source.

Mentioned

Silvio NapolipersonLucid MotorsorganizationcosmostopicAir sedantopicGravity SUVtopicSaudi Arabia's Public Investment FundorganizationRivianorganizationTeslaorganization

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