Lucid overhauls its entire C-suite under new CEO after 18% layoffs

Lucid Motors has undergone a major executive shake-up with new CEO Silvio Napoli replacing nearly the entire C-suite, signaling a major shift in leadership strategy. This move comes shortly after the company laid off 18% of its staff and revised its 2026 production targets, indicating financial and operational challenges. The new leadership team, including a fresh CFO and CTO, aims to steer Lucid through its current struggles and chart a new path forward. The shake-up underscores the urgency for Lucid to stabilize its operations and regain investor confidence amidst the competitive electric vehicle market.