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flag Lucid appoints new CEO, secures $550M investment, and expands Uber deal.

flag Lucid Motors appointed Silvio Napoli as its new CEO to boost production and sales. flag The company expanded its partnership with Uber, which committed to buying at least 35,000 vehicles for its robotaxi service and investing an additional $200 million. flag Lucid also secured a $550 million investment from a Saudi Arabia affiliate and priced a $300 million stock offering, raising its total funding to about $1.05 billion. flag Shares rose in pre-market trading following the announcements.

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