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Peter Rawlinson

All articles tagged with #peter rawlinson

technology1 year ago•1 min saved

Lucid Gravity SUV Sets New Standard with 450-Mile Range

Lucid Motors' new Gravity SUV has received an official EPA range estimate of 450 miles, surpassing its initial 440-mile projection. Priced at $94,900, with a cheaper version expected in 2025, the Gravity aims to combine sports car performance with comfort while using fewer resources than competitors. Despite technological advancements, Lucid has struggled with sales, hoping the Gravity will boost its market presence in the SUV-dominated North American market.

via TechCrunch|

#electric-vehicles #epa-range #gravity-suv

business1 year ago•2 min saved

Lucid Motors Faces Turbulent Year Amid Stock Volatility and New EV Launch

Lucid Motors' shares have plummeted nearly 47% this year, closing at $2.21, prompting CEO Peter Rawlinson to reassure investors during the company's Q3 earnings call. Rawlinson emphasized the company's long-term growth strategies and his personal investment in Lucid, highlighting that he hasn't sold shares except for tax purposes. He avoided commenting on whether the Saudi Public Investment Fund, a major stakeholder, might buy out Lucid. Rawlinson owns 18.5 million shares, valued at approximately $41 million.

via Benzinga|

#business #ev-market #lucid-motors

automotive1 year ago•3 min saved

"2025 Lucid Air Pure: World's Most Efficient EV with 5 Miles per kWh"

Lucid Motors has announced that its 2025 Air Pure sedan achieves an unprecedented 5 miles per kWh, making it the most energy-efficient car in the world. The 2025 Air Pure offers an EPA estimated range of 420 miles from an 84 kWh battery pack and features significant upgrades, including a heat pump and enhanced infotainment system. All 2025 Air models will come standard with Lucid's DreamDrive ADAS. The new lineup is now available for purchase.

via Electrek.co|

#2025-air-pure #automotive #electric-vehicles

business2 years ago•2 min saved

"Elon Musk Criticizes Lucid CEO's $379 Million Pay: Linking Compensation to Performance is Crucial"

Lucid Motors CEO Peter Rawlinson has faced criticism from Elon Musk, CEO of Tesla, for his $379 million annual compensation package, making him the highest-paid executive in the automotive industry. Rawlinson's pay includes a base salary of $575,000, stock options worth $5.5 million, and $373 million in stock awards. While Rawlinson's compensation is tied to market-cap targets, Musk argues that it is not linked to performance, citing Lucid's stock decline of over 82% in 2022 and low revenue. Rawlinson's pay is significantly higher than that of his peers, including GM's Mary Barra and Ford's Jim Farley, as well as CEOs of other EV startups like Rivian Automotive. Musk, on the other hand, did not receive any direct compensation from Tesla in 2022 but has faced criticism for his $23 billion bonus in 2021.

via Fortune|

#automotive-industry #business #ceo-compensation

business2 years ago•2 min saved

"Lucid's Peter Rawlinson: Highest-Paid Auto CEO with $379 Million Compensation in 2022"

Lucid Motors CEO Peter Rawlinson was the highest-paid automotive CEO in 2022, earning a total compensation of $379 million, primarily from stock awards. This surpassed Tesla CEO Elon Musk, who topped the list in 2021 but earned nothing from Tesla last year. Other notable CEOs included Mary Barra of General Motors with $34.1 million, Jim Farley of Ford with $18.3 million, RJ Scaringe of Rivian with $1 million, and Henrik Fisker of Fisker with $783,255.

via TESLARATI|

#automotive-industry #business #ceo-compensation