Lucid trading at fresh all-time low following departure of engineering and software SVP Emad Dlala
Lucid is continuing to sink to all-time lows, hitting a fresh bottom on Wednesday afternoon. The luxury EV maker is on track to close below the $5-per-share mark for the first time and is down about 54% so far this year.
All-time lows are nothing new for Lucid, which is down more than 99% from its early 2021 peak.
Dragging the stock lower Wednesday appears to be the voluntary departure of long-tenured executive Emad Dlala, Lucid’s senior vice president of engineering and software. Per analysis by industry blog EV, Dlala’s exit is the 14th by a top exec since late 2023.
In April, Lucid named Silvio Napoli, a former elevator/escalator company CEO, as its chief executive. Last month, Lucid reported a deeper-than-expected Q1 loss.
Dragging the stock lower Wednesday appears to be the voluntary departure of long-tenured executive Emad Dlala, Lucid’s senior vice president of engineering and software. Per analysis by industry blog EV, Dlala’s exit is the 14th by a top exec since late 2023.
In April, Lucid named Silvio Napoli, a former elevator/escalator company CEO, as its chief executive. Last month, Lucid reported a deeper-than-expected Q1 loss.
