Lucid CEO Peter Rawlinson transitions to advisory function

Startup electrical automobile automaker Lucid Motors is about to expertise a shakeup of its core management.

On Tuesday, Lucid introduced Peter Rawlinson has stepped down as CEO.

Rawlinson will now function Strategic Technical Advisor to the Chairman of the Board.

Lucid mentioned its present Chief Working Officer, Marc Winterhoff, will act because the Interim CEO whereas the automaker initiates a seek for a brand new CEO.

“Now that we’ve got efficiently launched the Lucid Gravity, I’ve determined it’s lastly the suitable time for me to step apart from my roles at Lucid,” mentioned Rawlinson.

Lucid now has two autos in manufacturing, the Air sedan and Gravity SUV. The latter of which simply started deliveries in December.

Subsequent on deck for the startup is a lineup of midsize EVs set to launch in late 2026. Teased in 2024, Lucid mentioned the midsize SUV will value lower than $50,000. Which means it takes goal squarely on the Tesla Mannequin Y. The SUV is believed to be named Earth resulting from a patent submitting with the USA Patent and Trademark Workplace.

Lucid has burned money at an astonishing charge to get its EVs into manufacturing. In August, the automaker obtained one other $1.5 billion money infusion from Saudi Arabia.

Rawlinson, who was born in 1957, was employed as Lucid’s CEO in 2019 after becoming a member of the corporate in 2013 because the Chief Expertise Officer. Rawlinson changed Lucid’s co-founder Sam Weng as CEO. Beforehand, Rawlinson served because the Chief Engineer of the Mannequin S at Tesla, the place he labored alongside Elon Musk.