Lucid Appoints Silvio Napoli as CEO, Shares Jump 11% Amid EV Push
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Lucid has appointed Silvio Napoli as its CEO, following a lengthy search. The company's shares have jumped, with reported increases ranging from 11% to 20%, amid various developments including a significant cash injection and expansion plans. The exact circumstances and impact of the appointment and related announcements are unclear, with some reports also referencing denial of bankruptcy rumors.