Lucid Motors (NASDAQ: LCID) has freshly announced the appointment of Taoufiq Boussaid as its new Chief Financial Officer (CFO), with his tenure set to begin on February 25, 2025.
Boussaid brings extensive expertise in financial strategy, operational efficiency, and corporate growth, positioning him as a key addition to Lucid’s leadership team as the company navigates its next phase of expansion.
Peter Rawlinson, CEO and CTO of Lucid, emphasized the significance of this appointment in the company’s broader strategic vision:
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“Taoufiq is joining Lucid at a pivotal time as we ramp up production of the Lucid Gravity SUV and accelerate our progress toward achieving our strategic goals.”
With the company’s midsize vehicle lineup in development, Lucid is intensifying efforts to scale operations while optimizing its financial structure. Boussaid’s leadership will play a critical role in ensuring the company’s financial health and long-term growth.
Rawlinson added:
“With decades of experience in strategic finance and operational transformation, Taoufiq will bring valuable expertise to our leadership team. His proven ability to align financial strategy with business objectives will be critical in scaling our operations efficiently and effectively as we prepare for the launch of our midsize vehicles.”
Boussaid’s appointment signals Lucid’s commitment to financial discipline and operational excellence, particularly as it transitions from niche luxury EV production to a more diversified portfolio aimed at capturing a broader market segment.
AI predicts LCID stock price for the start of next month
Given the recent announcement and the notable drop in short interest for Lucid shares, investor attention has intensified around the stock’s movements.
As of January 15, short interest stood at 220,480,000 shares, reflecting a 19.4% decline from the December 31 total of 273,660,000 shares. This sharp reduction suggests that bearish sentiment may be easing, potentially signaling a shift in market expectations regarding Lucid’s future performance.
In response to these developments, Finbold deployed its AI-powered price prediction tool, which combines technical analysis models, macroeconomic indicators, and sentiment insights to generate daily price targets.
To gauge near-term price movements of LCID shares for the first trading day of February (February 1 is a Saturday), Finbold’s AI tool aggregated predictions for Lucid from multiple advanced models, including DeepSeek, GrokGrok 2 Vision, DeepSeek Chat, Gemini 1.5 Flash 002, GPT-4o, and Claude 3.5 Sonnet.
The average projected price for February 3—the first trading day of the month, as markets will be closed on February 1 (Saturday)—is $2.78, reflecting a 2.77% increase from its current price of $2.71.
Among individual forecasts, GPT-4o projected the lowest estimate at $2.75, while Claude 3.5 Sonnet provided the highest target at $2.82. This relatively narrow range suggests that AI models anticipate modest near-term gains, though broader market dynamics.
Featured image via Shutterstock
