Tesla rival CEO steps down from distressed EV business

The embattled EV maker's figurehead departs amid another quarterly loss.

Feb 26, 2025 - 20:08
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Tesla rival CEO steps down from distressed EV business

Since 2013, Lucid Motors'  (LCID)  Chief Executive Peter Rawlinson has become a vocal advocate for the brand, praising his and his engineers' work to advance and leave its mark on the EV space. 

Currently, the Newark, California-based EV manufacturer makes two vehicles: the award-winning Air sedan and the bigger Gravity SUV.