Lucid reports Q2 production of 4,774 vehicles, CFO Boussaid to depart amid leadership overhaul

Filed July 2, 2026 · Period ending July 1, 2026 · ~1 min read

Key Changes

• high

  Lucid produced 4,774 vehicles and delivered 3,953 vehicles in Q2 2026, an 83% delivery-to-production rate. Full financial results scheduled for August 4 earnings call.

  Item 2.02 — Results of Operations and Financial Condition verify on EDGAR →
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  CFO Taoufiq Boussaid departing after Q2 earnings transition; Alexander De Bock (former TI Automotive CFO) appointed as successor with $750K base salary, $7.5M equity grants, and performance bonuses tied to market cap milestones up to $17.5B.

  Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR →
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  CEO Silvio Napoli restructuring leadership team, cutting direct reports by half. Five new executives joining including CTO, Chief Customer Officer, and Chief Transformation Officer.

  Item 7.01 — Regulation FD Disclosure verify on EDGAR →