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Stock impact report

Why Lucid Stock Skidded 19.6% in February and Keeps Falling Further [Yahoo! Finance]

Lucid Group, Inc. (LCID) 
Company Research Source: Yahoo! Finance
An unexpected turn of events sent the electric vehicle (EV) stock plunging 19.6% in February, according to data provided by S&P Global Market Intelligence . Lucid stock has now lost almost 30% value so far in 2025, as of this writing. Lucid reported strong numbers, but its CEO also quit After announcing a new chief financial officer in January, Lucid announced another major change at the top level in February. Alongside its fourth-quarter and full-year numbers on Feb. 25, Lucid announced the abrupt departure of its CEO Peter Rawlinson and replaced him with Marc Winterhoff as the interim CEO until the company finds a new CEO. The top management rejig overshadowed Lucid's numbers and sent the stock crashing by double digits in one week. Lucid's revenue surged 49% year over year in Q4. It delivered 3,099 vehicles versus 1,734 units in Q4 2023. Lucid also narrowed its fourth-quarter net loss to $0.22 per share from $0.29 per share, and ended the quarter with $4 billion in cash and s Show less Read more
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