Napoli said Lucid would not release the vehicle until its production processes and quality standards were ready. Cost Plan Targets Inventory and SpendingLucid’s $1.4 billion cash-reduction plan includes between $600 million and $800 million in inventory savings. Napoli said Lucid had allowed excess inventory, high spending and operational complexity to weaken its performance. Lucid said the cost plan and recently secured financing should provide sufficient liquidity well into 2027. Recent appointments include a new chief financial officer, chief technology officer, chief customer officer, chief digital officer and chief transformation officer.