Why Lucid Stock Skidded 19.6% in February and Keeps Falling Further
Shares of Lucid Group (NASDAQ: LCID) were losing momentum early in the year, but not many expected the stock to fall so much so soon. 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.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 short-term investments.Continue reading
Shares of Lucid Group (NASDAQ: LCID) were losing momentum early in the year, but not many expected the stock to fall so much so soon. 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.
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 short-term investments.
