Yonhap Infomax NewsLucid Group announces new CEO Silvio Napoli and secures $750 million in fresh capital from Saudi PIF affiliate and Uber subsidiary, though shares fell 4.76% despite Citigroup's bullish $17 price target citing Gravity SUV production potential driving revenue to $2.4 billion by 2026.
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EV Maker Lucid Signals Turnaround With New CEO, Fresh Capital Injection
Lucid Group announces new CEO Silvio Napoli and secures $750 million in fresh capital from Saudi PIF affiliate and Uber subsidiary, though shares fell 4.76% despite Citigroup's bullish $17 price target citing Gravity SUV production potential driving revenue to $2.4 billion by 2026.