Lucid
LCID,
Chief Executive Peter Rawlinson will get a $6 million bonus associated to the corporate’s launch of an electrical SUV in November.
The Newark, Calif.-based, luxurious electrical automobile maker disclosed in a regulatory submitting on Thursday that its board had accredited the money bonus, “in recognition of his significant contributions to this milestone achievement.”
The Lucid Gravity, a sport utility automobile with an unique retail value of $80,000, was unveiled in November. The firm first confirmed the brand new providing on the Los Angeles Auto Show.
Earlier on Thursday, Lucid grew to become the newest EV-maker to decrease costs on its automobiles as a result of weak demand. The firm slashed the beginning value of its Air sedan by 10% to $69,900.
Rawlinson served as chief engineer of the Tesla Model S program and is at present additionally chief expertise officer for Lucid.
Source web site: www.marketwatch.com
