Lucid gains on CEO announcement, Uber partnership expansion

Lucid

14/04/2026 12:22

** Shares of electric vehicle maker Lucid Group LCID.O rise 12% to $10.35 premarket

** Co appoints Silvio Napoli as CEO; interim CEO Marc Winterhoff to continue with LCID as the COO

** Announces it is raising over $1 bln from the Public Investment Fund (PIF), Uber UBER.N and a public offering

** UBER will raise its purchase commitment to at least 35,000 LCID vehicles designed for use as part of its future robotaxi service

** As of last close, LCID has fallen 12.6% this year

 (Reporting by Anhata Rooprai in Bengaluru)

 ((Anhata.Rooprai@thomsonreuters.com))