Tesla Inc. (NASDAQ: TSLA) CEO Elon Musk has downplayed the function of Lucid Motors CEO Peter Rawlinson along with his firm beforehand, saying that Rawlinson was “by no means” chief engineer at Tesla.
What Occurred: Musk claimed on Twitter that Rawlinson joined Tesla solely after the Mannequin S prototype was made and left the corporate earlier than “issues bought robust.”
Musk added that Rawlinson was solely liable for physique engineering of the Mannequin S and was not concerned with different components resembling manufacturing or design of the sedan.
Tesla’s announcement in a weblog submit method again in April 2010 says Rawlinson was appointed as Vice President and Chief Automobile Engineer on the firm.
The electrical automobile maker additionally stated within the weblog submit that Rawlinson was liable for the technical execution in addition to supply of the Mannequin S, and for main the corporate’s automobile engineering staff. The all-electric Mannequin S was launched by Tesla in June 2012.
Why It Issues: In accordance with a report by Forbes, Rawlinson left Tesla in 2012. He at present serves because the CEO and Chief Know-how Officer of Lucid Motors, which is seen as a future competitor to Tesla and a participant in mass-produced reasonably priced electrical autos sooner or later.
Lucid Motors plans to go public through a SPAC merger with SPAC Churchill Capital Corp. IV (NYSE: CCIV). The Newark, California-based firm is on monitor to ship its first automotive, the all-electric Lucid Air luxurious sedan, within the second half of this yr, whereas the Gravity SUV is scheduled to be launched in 2023.
Lucid Motors stated in March that the Dream Version, the costlier model of its upcoming Air sedan, has been bought out. Supply of the Dream Version mannequin might come forward of Tesla new Mannequin S Plaid Plus, which too claims a spread of greater than 500 miles on a single cost. Tesla stated in March it’s delaying supply of the brand new Mannequin S Plaid Plus by just a few months to mid-2022.
See additionally: Purchase Lucid Motors IPO Inventory
Value Motion: Tesla shares closed nearly 3.5% decrease in Monday’s common buying and selling session at 4684.90 and additional declined 0.5% within the after-hours session to $681.30.
Churchill Capital shares closed 5.6% decrease in Monday’s common buying and selling session at $19.91, however added 0.2% within the after-hours session to $19.95.
Learn Subsequent: How Lucid’s Plans For The Future Differ From Rival Tesla
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