Lucid Motors has a new CEO — and he has a blunt new assessment of what’s gone wrong at the EV maker.
During an earnings call on Tuesday, Silvio Napoli, the company’s chief executive since June, said the automaker has “disappointed on several fronts and for far too long.” The company reported a net loss of more than $1 billion in the quarter.
“We have not executed consistently,” he said. “We missed commitments, launched products before they were ready, under-invested in service, responded too slowly to quality issues, and allowed complexity to slow decisions down.”
Lucid has launched two luxury electric vehicles, the Air sedan and the Gravity…
