Peter Rawlinson Net Worth
Peter Rawlinson is one of the world’s most well-known people. With an array of interests spanning multiple fields and industries, he is also renowned as a businessman; his net worth keeps growing thanks to his rising fame. Due to this popularity and hardwork – which also come from having vast experience – his net worth continues to increase rapidly – due primarily to him becoming more widely recognized.
He currently works at Lucid Group, which will soon release an electric vehicle called Lucid Air that will be one of the most advanced cars on the market – expected to have an approximate range of 500 miles and speed from zero-60 in less than 2.5 seconds. Already many reservations have been placed by potential customers for this car; which bodes well for Lucid as it should see its stock prices increase as more customers reserve one upon its release.
Rawlinson has an interesting history with Tesla; he worked for them as vice president and chief vehicle engineer, where he oversaw production of their Model S sedan. According to The New York Times, however, he left amid friction with Elon Musk but remains confident in its potential within the EV industry; believing they possess both talent and resources necessary for global leadership in EV development.
As a result, the company is gearing up for an ambitious launch of their new sedan EV. Production began this summer and deliveries are anticipated to commence around October of 2021. LCID will become the first EV built by a major carmaker offering over 500 mile range per single charge and feature various high-tech features, such as autonomous driving capabilities.
As well as producing an EV, the company plans on manufacturing both a sports utility vehicle and concept car for use during the 2020 Olympic Games. They have already received significant investment from their government as they look to expand operations abroad.
LCID will be produced at a new plant in Shanghai that’s scheduled to open by late 2022, though more capital may need to be raised in order for production to commence. However, they remain confident that their investment will pay dividends in the long run.
Elon Musk of Tesla Inc TSLA had one word of advice for Lucid Group CEO Peter Rawlinson last year despite the latter earning the highest pay of any automotive CEO: tread carefully! Rawlinson earned $379 million last year in total compensation including his base salary of $575,000 plus nearly $373 million in stock awards and options – more than General Motors Co’s Mary Barra who received only about one-tenth as much. Rawlinson received this massive pay out after it exceeded several market-cap milestones early last year according to SEC filings.