Silvio Napoli

“We are grateful for the continued financial support from our anchor shareholder, which further energizes us to remain focused on execution and on our commitments as we build a stronger, sustainable Lucid,”

Silvio Napoli · said 2026-11-09 · reported 2026-11-09

Napoli commented on the increased term loan from Saudi Arabia's Public Investment Fund, Lucid's largest shareholder.

“Our transformation is beginning to show progress. We are acting with urgency, strengthening the fundamentals and driving greater discipline, while continuing to invest in the priorities to deliver profitable long-term growth,”

Silvio Napoli · said 2026-11-09 · reported 2026-11-09

Lucid CEO Silvio Napoli made the remarks in a release alongside the company's first quarterly results since he announced a restructuring plan.