Part 4/9:
In a stark announcement, Lucid reported a net loss of $400 million in its fourth quarter and a staggering cumulative loss of $2.7 billion for 2024. It was during this earnings report, on February 25, 2024, that Rollinson declared his resignation, although he will continue to serve as a paid advisor. In the wake of his departure, Lucid appointed Mark Winterhoff as interim CEO, initiating a search for a new leader to help steer the company out of turbulent waters.