{"id":206130,"date":"2024-02-16T00:53:14","date_gmt":"2024-02-16T00:53:14","guid":{"rendered":"https:\/\/michigandigitalnews.com\/index.php\/2024\/02\/16\/lucid-ceo-rawlinson-to-get-6-million-bonus-over-electric-suv-launch\/"},"modified":"2025-06-25T17:21:50","modified_gmt":"2025-06-25T17:21:50","slug":"lucid-ceo-rawlinson-to-get-6-million-bonus-over-electric-suv-launch","status":"publish","type":"post","link":"https:\/\/michigandigitalnews.com\/index.php\/2024\/02\/16\/lucid-ceo-rawlinson-to-get-6-million-bonus-over-electric-suv-launch\/","title":{"rendered":"Lucid CEO Rawlinson to get $6 million bonus over electric SUV launch"},"content":{"rendered":"

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Lucid
\n LCID,
\n +5.22%<\/bg-quote><\/a>
\n Chief Executive Peter Rawlinson will get a $6 million bonus related to the company\u2019s launch of an electric SUV in November.<\/p>\n

The Newark, Calif.-based, luxury electric vehicle maker disclosed in a regulatory filing on Thursday that its board had approved the cash bonus, \u201cin recognition of his significant contributions to this milestone achievement.\u201d<\/p>\n

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The Lucid Gravity, a sport utility vehicle with an original retail price of $80,000, was unveiled in November. The company first showed the new offering at the Los Angeles Auto Show.<\/p>\n

Earlier on Thursday, Lucid became the latest EV-maker to lower prices on its vehicles due to weak demand. The company slashed the starting price of its Air sedan by 10% to $69,900.<\/p>\n

Rawlinson served as chief engineer of the Tesla Model S program and is currently also chief technology officer for Lucid.<\/p>\n<\/p><\/div>\n<\/div>\n

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