# Lucid Group (LCID) shares tanked this week after the electric vehicle (EV) maker named Silvio Napoli its new permanent chief executive (CEO) Napoli brings decades of experience in managing global operations and scaling complex manufacturing organizations.

*business · news · 2026-04-17 · Barchart*

## Key points

- Lucid appointed Silvio Napoli, a non-auto executive, as its new permanent CEO.
- Napoli's leadership signals a strategic shift towards operational rigor over engineering innovation at Lucid.
- Lucid pre-announced Q1 revenue 35% below estimates, with deliveries missing expectations by over 2,000 vehicles.
- A 29-day supplier disruption specifically impacted Lucid's ability to deliver vehicles in Q1.
- Lucid's operating loss neared $1 billion, and it spends roughly twice its revenue per car produced.

**Companies:** Lucid Group

[Read the full story on Barchart](https://www.barchart.com/story/news/1367751/lucid-motors-just-got-a-new-ceo-does-that-make-lcid-stock-a-buy-sell-or-hold)

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