Lucid's Interim CEO Clarifies On Peter Rawlinson's Earlier Statement: 'Doesn't Mean We Are Deprioritizing Our Automotive Car Business'

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Lucid's Interim CEO Clarifies On Peter Rawlinson's Earlier Statement: 'Doesn't Mean We Are Deprioritizing Our Automotive Car Business' - Benzinga

Quick Summary:

What Happened: Winterhoff said during the company’s fourth-quarter earnings call on Tuesday that a statement by the company’s former CEO Peter Rawlinson about being a mostly tech company was “a bit taken out of context.”

“I want to stress that it doesn’t mean we are deprioritizing our automotive car business,” Winterhoff said.“Quite the opposite is the fact.” Winterhoff said that the company sees ample opportunity to leverage its technology but it does ...

Lucid Group Inc.’s (NASDAQ:LCID) interim CEO Marc Winterhoff on Tuesday refuted reports that the company is looking to make its car business merely a side hustle in the future.