Subscribe
Lucid Motors

Ex-Lucid CEO Peter Rawlinson to receive $120,000 per month, $2 million stock grant

Lucid CEO Peter Rawlinson Geneva 2024 Arc 2024
Peter Rawlinson stepped down as Lucid CEO on Feb. 25 after the company reported a fourth-quarter net loss of $397 million and a full-year 2024 net loss of $2.7 billion. (DOUGLAS A. BOLDUC/AUTOMOTIVE NEWS EUROPE)
LI
By:
Laurence Iliff
February 28, 2025 04:11 PM
Lucid CEO Peter Rawlinson Geneva 2024 Arc 2024
Peter Rawlinson stepped down as Lucid CEO on Feb. 25 after the company reported a fourth-quarter net loss of $397 million and a full-year 2024 net loss of $2.7 billion. (DOUGLAS A. BOLDUC/AUTOMOTIVE NEWS EUROPE)

Former Lucid Motors CEO Peter Rawlinson will receive $120,000 per month as an adviser to the automaker, a $2 million stock grant and a company car as part of a two-year “transition agreement,” the company said in a regulatory filing.

Featured Stories

Pre-tariff stampede delivers double-digit retail gains in March
Pre-tariff stampede delivers double-digit retail gains in March
Top 150 dealership groups continue to grow strategically and consolidate the industry
Top 150 dealership groups continue to grow strategically and consolidate the industry
Here’s our list of the 2025 Top 150 dealership groups
Here’s our list of the 2025 Top 150 dealership groups
Detroit 3 executives press Trump to temper tariffs as deadline approaches
Detroit 3 executives press Trump to temper tariffs as deadline approaches

Latest News

Ford electrifies its bestseller — the Puma — to give a crucial lift to EV share
Congress Conversations: A live talk on auto tariffs and trade, 2 p.m. EDT on April 3
Toyota buyers said to face long waits amid hybrid boom
Chinese automakers Dongfeng Motor and Changan Auto hold merger talks
Staying current is easy with newsletters delivered straight to your inbox.

See More in Lucid Motors

Ex-Lucid CEO Peter Rawlinson to receive $120,000 per month, $2 million stock grant
Lucid CEO Peter Rawlinson exits after $397 million Q4 net loss, Gravity crossover launch
Lucid to report Q4 earnings after record deliveries, Gravity crossover launch
Lucid’s Gravity crossover gains access to Tesla Superchargers, but Air sedan will have to wait
Staying current is easy with newsletters delivered straight to your inbox.