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Credit: SVBJ
LUCID CEO SAYS TESLA “SEEMS TO BE DISTRACTED”, “KIND OF LOSING ITS WAY”
28th May 2024 4 Min Read Posted by By Cláudio Afonso
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LUCID PREPARES TO ANNOUNCE PARTNERSHIP WITH HYUNDAI ON ELECTRIC MOTORS
Written by Cláudio Afonso | LinkedIn | X
Lucid Motors‘ CEO Peter Rawlinson criticized Tesla on Monday, suggesting the
company is “distracted” and “losing its way” adding that it “really falls to
Lucid to take the technology to a whole new level”.
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In a previous talk with the Financial Times earlier this month, the chief
executive had said manufacturers from China are “many years behind Tesla”
despite admitting “they’re a lot better than they’ve been”.
In a new interview with the BBC program “Wake up to Money,” Rawlinson, who
worked at Tesla from 2009 to 2012, expressed concern over Tesla‘s current
direction.
“At Tesla, I was there for three years from 2009 through to 2012, and at that
stage Tesla was truly at the cutting edge, developing the most advanced
technology with a clarity of vision and purpose, and an absolute singularity of
mindset,” Rawlinson said.
Before joining Tesla, Rawlinson worked for several well-known companies,
including Jaguar, where he was the Principal Engineer, and Lotus, where he was
the Chief Engineer.
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“What I’m seeing now is a worrying trend towards a sort of distraction. Tesla
seems to be distracted, there’s an interest in social media, even politics, and
it’s kind of losing its way. I don’t see it having that singular sense of
purpose, and I think it really falls to Lucid to take the technology to a whole
new level now.”
Rawlinson further emphasized the importance of focus in leadership for the
electric vehicle industry.
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“I think it is very concerning and as I say, I think there’s a clear distraction
there from the leadership which perhaps doesn’t best serve those who are looking
for an electric future. People rally to a sense of mission, and Lucid has that
mission,” he added.
The electric vehicle startup is reportedly gearing up to announce a partnership
providing Hyundai’s premium brand, Genesis, with electric motors.
> Lucid Prepares to Announce Partnership with Hyundai on Electric Motors
The collaboration aims to accelerate the development of a new all-electric
sports car slated for a 2025 launch by Genesis. Additionally, Hyundai plans to
release the GV90, an electric sport utility vehicle from Genesis by late 2025.
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As reported by EV on Friday, Lucid is cutting its workforce as part of a
restructuring and cost reduction plan, according to former employees and some of
the teams affected include vehicle engineering, IT, Human Resources, Powertrain,
and Manufacturing.
In a statement, Lucid stated that will see “productivity improvements through a
reduction of the Company’s current employee workforce by approximately 400
employees, or approximately 6 percent”.
In the first quarter of the year, the EV maker produced 1,728 units of its Air
luxury sedan with deliveries reaching 1,967 vehicles, an increase of 39.9
percent compared to the same period of last year.
Lucid CEO admitted that Chinese OEMs have been improving a lot over the last
years while expecting a second wave of improvement as the focus shifts to
powertrain technology.
Written by Cláudio Afonso | LinkedIn | X
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SWISS CENTRAL BANK CUTS LUCID STAKE BY 36%, TRIMS RIVIAN AND TESLA
Switzerland's central bank reduced its position in luxury electric vehicle maker
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27th May 2024
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EXCLUSIVE: LUCID BEGINS LAYOFFS WITH ONLY 12 MONTHS OF CASH RESERVES LEFT
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CALSTRS REDUCES STAKE IN LUCID BY 32% AFTER SELLING 427,800 SHARES
The California State Teachers Retirement System (CalSTRS), one of the world’s
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20th May 2024
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US TARIFFS ON CHINA MADE EVS TO SURGE BY NEARLY 400%, REPORT
The upcoming week can see tariffs on clean-energy goods from China increasing as
much as 400 percent. When it comes to the tariffs on electric vehicles
manufactured in China, US officials expect to raise the tariff rate from 25
percent to nearly 100 percent, sources told WSJ.
10th May 2024
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FORD CFO TO BE REPLACED BY SHERRY HOUSE, FORMER LUCID CFO
Ford Motor announced on Friday that John Lawler would step down as CFO in early
2025, with former Lucid finance chief Sherry House set to succeed him by then.
10th May 2024
Lucid
EXCLUSIVE: LUCID’S 2026 MODEL TO BE CALLED “EARTH”, TRADEMARK REVEALS
Lucid' upcoming electric vehicle, the third in its lineup, will be named "Lucid
Earth" as per trademarks filed to the US Patent and Trademark Office in late
January.
10th May 2024
AvatrBYDCanooFiskerFordGeelyGeneral MotorsKiaLi
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US TO ANNOUNCE NEW TARIFFS ON CHINA TARGETING EVS, BATTERIES, AND SOLAR ON MAY
14
The Biden administration is poised to unveil fresh tariffs on China next week,
with a focus on key sectors such as electric vehicles, batteries, and solar
cells, diverging from Trump's broad tariff approach.
10th May 2024
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TRUMP PROMISES TO REVERSE BIDEN’S MEASURES ON EVS
Donald Trump, the Republican presidential candidate running against Biden in the
upcoming presidential election on November 5th, pledged to overturn many of the
Biden administration's environmental regulations.
9th May 2024
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