Lucid Motors Names New CEO, Lands More Money From Uber And Saudis

Lucid Motors CEO shakeup brings new leadership, $1.25B funding, and Uber robotaxi expansion plans.
Matilda
Lucid Motors Names New CEO, Lands More Money From Uber And Saudis
Lucid Motors is making headlines again as it appoints a new CEO, secures over $1 billion in fresh funding, and deepens its partnership with Uber. If you’ve been wondering what’s next for Lucid Motors, the answer is clear: leadership change, aggressive expansion into robotaxis, and a renewed push to compete in the electric vehicle market. Here’s what this means for investors, EV buyers, and the future of mobility. Lucid Motors names new CEO after long search After more than a year without a permanent leader, Lucid Motors has officially appointed Silvio Napoli as its new CEO. The move follows the unexpected resignation of former CEO Peter Rawlinson, which left the company navigating a critical growth phase without steady leadership. Napoli brings decades of experience from Schindler Group, where he held multiple leadership roles. His appointment signals a strategic shift toward operational discipline and global scaling—two areas where Lucid has faced challenges. He will also join the compa…