The vehicle was touted for its impressive horsepower and acceleration, and for its long-range capabilities. The SUV was a driver for Lucid's strong 2025 sales growth forecast as well. This year, the company announced it would acquire production facilities from bankrupt electric truck maker Nikola, as well as management changes, including the chief executive stepping down and the chief operating officer becoming interim CEO.
As we enter this pivotal offseason, we have several complex decisions ahead of us, and we are committed to providing the human and financial resources needed to ensure that we navigate these decisions with a high level of precision and foresight.