Lucid Replaces CFO After 3,953 Q2 Deliveries Miss Estimates
Updated
Updated · Bloomberg · Jul 2
Lucid Replaces CFO After 3,953 Q2 Deliveries Miss Estimates
3 articles · Updated · Bloomberg · Jul 2
Summary
Alexander De Bock will become Lucid’s CFO after a handover from Taoufiq Boussaid, part of a broader leadership revamp announced Thursday.
3,953 Q2 deliveries and weaker production fell short of Wall Street expectations, driving the overhaul as Lucid tries to address weak demand and operational strain.
Six new leaders were named across technology, engineering and sales, extending changes under new CEO Silvio Napoli beyond the finance role.
The shakeup follows Lucid’s 18% workforce cut—about 1,500 jobs—and withdrawal of 2026 production guidance, underscoring pressure on the luxury EV maker.