Lucid names Silvio Napoli CEO, adds new PIF and Uber funding, and expands its robotaxi deal
Lucid appointed Silvio Napoli chief executive, secured fresh capital from Uber and a PIF affiliate, and expanded the fleet commitment for Uber's planned robotaxi rollout.
From the sources (11 posts)
@edludlowRT @business: Lucid's new CEO Silvio Napoli tells @EdLudlow his priority will be focusing on projects with the highest return and taking th…
@edludlowRT @EdLudlow: Lucid shares +12% in premarket. Saydi PIF + Uber investing another combined $750 million $LCID
@cnbcLucid names auto industry outsider as CEO, expands Uber deal
@edludlowRT @business: Lucid Group named a new chief executive officer and announced $750 million of fresh investment from its two biggest backers,…
@techmemeEV maker Lucid says Uber agreed to buy 35K+ additional Lucid vehicles for its robotaxi fleet and invest $200M, taking its total investments in Lucid to $500M (@connorhart22 / Wall Street Journal)
@stocksavvyshay$UBER is expanding its $LCID robotaxi deal to at least 35,000 vehicles for its future global autonomous fleet. Uber is also investing another $200M in Lucid bringing its total investment to $500M as Lucid secures $1.05B in fresh funding. h
@edludlowLucid shares +12% in premarket. Saydi PIF + Uber investing another combined $750 million $LCID
@stockmktnewzLucid $LCID just announced that $UBER will increase its commitment to buy at least 35,000 Lucid vehicles designed exclusively for use as part of Uber's future global robotaxi service Uber has also committed to an additional $200M investmen
@businessLucid's new CEO Silvio Napoli tells @EdLudlow his priority will be focusing on projects with the highest return and taking them "one at a time"
@businessLucid Group named a new chief executive officer and announced $750 million of fresh investment from its two biggest backers, moves to shore up its operations as the electric-vehicle maker approaches a crucial production stretch. https://t.c
@wallstengineLucid $LCID said it will receive $1.05B in new funding and expand its $UBER robotaxi deal to at least 35,000 vehicles. Uber is adding $200M, bringing its total investment to $500M, while PIF affiliate Ayar is buying $550M of preferred stock