Lucid Motors is changing CEOs for the first time in nearly six years. The company announced Tuesday that Peter Rawlinson is stepping down from the CEO and

Lucid Group Inc. will begin a search for a new leader after Chief Executive Officer Peter Rawlinson stepped aside to serve as an advisor to the electric-vehicle maker.

EV maker Lucid Motors' (LCID) stock popped after hours following the company's better-than-expected results — and a change at the top of its management. Lucid CEO and CTO Peter Rawlinson, who has been with the company for over a decade,