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Lucid's Former CEO To Earn $120,000 Per Month Even As Company Posts $2.7 Billion Loss

Summary by Carscoops

Lucid will also continue to pay for Peter Rawlinson’s health insurance premiums. In 2022, stock options vested by the former CEO were valued at over $370 million. Lucid plans to more than double production this year to over 20,000 units. While Peter Rawlinson recently stepped down as Lucid’s chief executive, the engineer and businessman won’t be leaving empty-handed. He will still take home a very generous salary in his new role as an advisor to…

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Carscoops

Lucid's Former CEO To Earn $120,000 Per Month Even As Company Posts $2.7 Billion Loss

10 hours ago

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chargedevs.com

Peter Rawlinson steps down as Lucid CEO - Charged EVs

Peter Rawlinson was the Chief Engineer behind Tesla’s Model S. In 2016, he helped to launch Lucid Motors, and he became the company’s CEO in 2019. (See our in-depth Q&A with Mr. Rawlinson.) Now Lucid has announced that Rawlinson has stepped down as CEO, and will transition to the role of Strategic Technical Advisor to the Chairman of the Board. Marc Winterhoff, Chief Operating Officer, has been appointed Interim CEO. The company’s board has init…

12 hours ago

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