Lucid Group (NASDAQ: LCID) CEO Peter Rawlinson came from EV leader  hoping to take on the Model S that he helped develop. He wants the Lucid Air luxury brand to take high-end EVs to another level. 

It was the first to offer a 500-mile range, and it won multiple industry awards, including most recently the World Luxury Car of the Year, which was announced at the 2023 New York International Auto Show. But the just-released first-quarter earnings report shows the company will need more than just the Air's wealthy, niche customer base. 

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Source Fool.com