Silvio Napoli
Coverage of Silvio Napoli in the Nexus archive.
- Lucid's new CEO says the EV maker launched cars before they were ready and let customers down
Lucid's new CEO, Silvio Napoli, admitted the company launched vehicles before they were ready, leading to software issues in the Air and Gravity models. The company reported a $1 billion net loss, delayed the Cosmos midsize SUV to 2027, and announced workforce reductions.
- Lucid’s turnaround plan hinges on $1.4B in cash savings, robotaxis
Lucid’s new CEO Silvio Napoli has outlined four key priorities for the company’s turnaround plan, including the launch of a midsize EV, completing a factory in Saudi Arabia, reducing expenses, and developing robotaxis. The plan aims to achieve $1.4 billion in cash savings.
- Lucid misses second-quarter expectations as EV maker conducts 'operational reset'
Lucid missed second-quarter expectations as the EV maker conducts an 'operational reset.' New CEO Silvio Napoli suspended production expectations earlier this year.
- Lucid denied bankruptcy rumors. Its make-or-break midsize EV is still a race against time.
Lucid Motors denied bankruptcy rumors and confirmed it is not considering going private, stating it has sufficient liquidity to fund operations through 2027. The company is preparing to launch its mass-market SUV and has engaged AlixPartners for operational improvements, while recent layoffs and financial challenges highlight its ongoing turnaround efforts.