Lucid loses its CEO, and ‘founder mode’ comes for Flexport

Welcome back to TechCrunch Mobility — your central hub for news and insights on the future of transportation. Sign up here for free — just click TechCrunch Mobility! Lucid Motors delivered a surprise this week when it announced that CEO and CTO Peter Rawlinson was resigning. Speculation about the departure, which includes vacating a board seat, was amplified when Rawlinson didn’t attend the fourth-quarter earnings call. Senior reporter Sean O’Kane has all the details, including how the EV maker performed, who is filling the top spot (for now), and what the company’s goals are moving forward. Rawlinson will be around in some capacity, although it should be noted that he will not be there daily, nor will he have any decision-making authority. The company said he will serve as “strategic technical adviser” to Turqi Alnowaiser, who is chairman of the board and a top executive at Saudi Arabia’s sovereign wealth fund — Lucid’s majority owner. So where does Lucid go from here? It needs to ... Read full article.