Lucid Group, Inc. has announced its fourth quarter and full year financial results, revealing a narrower loss that beat market expectations, with a reported Q4 net loss of $397 million. Following this positive news, the company’s stock experienced a significant rally. However, the announcement was overshadowed by the sudden resignation of CEO Peter Rawlinson, who will transition to a strategic advisory role. The company is now searching for a new CEO while planning to more than double its production in 2025, particularly with the upcoming release of the Gravity SUV. Interim CEO Marc Winterhoff has been appointed as the firm navigates these changes.