S&P 5007,736.52▲1.8% Nasdaq26,584.99▲2.6% Dow54,085.88▲1.7% Russell 2K3,036.98▲1.9% 10-Yr4.63%−6bp VIX16.50+0.64 WTI$75.32▼6.2% Gold$4,133.60▲2.5% EUR/USD1.153▼0.1% BTC$64,436▲1.5% Nikkei63,755▼0.9%
At close · Tue, Aug 4, 2026
Daily Market Updates.

Earnings

Home›Earnings›Guidance›Lucid starts operational reset as CEO delays midsize v…

Lucid starts operational reset as CEO delays midsize vehicle

Reported · Written up by our desk · Guidance

CNBC Markets reports Lucid has begun what it called an operational reset, following a decision by its new CEO to delay the company’s planned midsize vehicle.

The outlet said Lucid did not provide updated guidance as part of the reset.

CNBC also noted that CEO Silvio Napoli suspended production expectations earlier this year, a move now reflected in the updated timeline for the midsize model.

← Newer storySemiconductor stocks sink into bear market despite profit surge

More like this

EarningsParamount Skydance lifts full-year profit guidance, presses on with WBD deal
EarningsNovo Nordisk shares slide after guidance disappoints investors
EarningsMeta declines to outline 2027 capex as investors weigh AI spending
EarningsChevron targets lower-end 2026 organic CapEx range after efficiency gains
EarningsBig Tech earnings show AI demand holding up despite infrastructure squeeze

Sources

CNBC MarketsLucid begins 'operational reset' as CEO says EV maker will delay midsize vehicle
CNBC EarningsLucid begins 'operational reset' as CEO says EV maker will delay midsize vehicle

Get the close, explained.

One email every trading day: what moved, why it moved, and what's on deck tomorrow. Read in 3 minutes.

Free. Unsubscribe anytime.