Lucid Motors CEO Peter Rolinson stepped down
Lucid Motors change the CEOs for the first time in nearly six years. Company Declare Tuesday that Peter Rolinson stepped down from the roles of the CEO and the CTO company that has been held since before the company.
Lucid was appointed Director General of Operations, Mark Winterhouh, as her temporary executive head. Rolinson will be a “strategic technical advisor” for Turqi Alnowaiser, Chairman and senior executives of the sovereign wealth fund in the Kingdom of Saudi Arabia – the owner of the majority of Lucid.
The driving change comes at a critical time for Lucid engines, which just launched Gravity Suv in late last year. Lucid Motors has great hopes in electrical SUVs. The company’s first vehicle – Sedan Air Car – Struggle to come Anywhere near sales targets It was displayed once when it was announced in 2021. Gravity is still in the process of slowing it slowly to the first customers, employees and other people close to the company.
“Now that we have successfully launched clear gravity, I decided that this is the time for me to move from my roles in Lucid,” Rolinson said in a statement. “I am incredibly proud of the achievements of the Lucid team together during the last twelve years. It has grown from a small company with a great ambition, to a widely recognized technical company in sustainable movement.”
Rawlinson came to Lucid Motors in 2013 when it was still known as ATIEVA, and was mainly focused on developing battery packages and other EVs. He had previously worked in Tesla as the engineer of the model sedan – the fact that the CEO of Tesla Illon Musk Try repeatedly withholding.
Lucid announced that Rolinson has moved alongside its financial results for the fourth quarter of 2024, as well as for the full year.
The company eventually achieved 10,241 EVS via 2024, an increase of only 6,001 in 2023. This was achieved by $ 808 million, an increase of $ 595 million in 2023. But Lucid still loses $ 2.7 billion a year the past. It lost $ 2.8 billion in 2023.
Lucid ended the year with $ 1.6 billion in cash and its equivalent. He – she Exploitation over and over again The Kingdom of Saudi Arabia for billions of funding throughout 2024 to help stay standing on his feet until the launch of gravity – although Rolinson tells Financial times Last March, he felt “dangerous” to behave like the kingdom was a source of “endless wealth.”
This story is developing …
