[Tesla] (https://www.wsj.com/business/autos/teslas-costly-ai-ambitions-helped-by-earnings-rebound-75ee423b?mod=WSJ_TNBPOD) , and its CEO [Elon Musk] (https://www.wsj.com/topics/person/elon-musk) , are the big names in electric vehicles, but a lot of competitors are nipping at their heels, including one led by a former top Tesla engineer. Peter Rawlinson is the CEO of [Lucid] (https://www.wsj.com/market-data/quotes/LCID) , a billion-dollar auto startup he says has better technology than its rivals. The company recently completed a $1.75 billion stock offering, and has backing from Saudi Arabia’s Public Investment Fund. Now, as major automakers such as [Volkswagen] (https://www.wsj.com/business/autos/for-volkswagen-the-bumpy-road-to-electric-vehicles-starts-to-hit-home-1e7f4a66?mod=WSJ_TNBPOD) , [General Motors] (https://www.wsj.com/business/earnings/general-motors-gm-q2-earnings-report-2024-f8dcdd49?mod=WSJ_TNBPOD) and [Ford] (https://www.wsj.com/business/autos/ford-motor-to-pause-f-150-lightning-production-for-several-weeks-54d20269?mod=WSJ_TNBPOD) pull back on their EV ambitions, find out why Rawlinson says Lucid’s all-in on luxury vehicles with a high price tag and, eventually, smaller batteries. Plus, why he says he won’t be building a $20,000 EV any time soon. He speaks to WSJ’s [Tim Higgins] (https://www.wsj.com/news/author/tim-higgins) and [Christopher Mims] (https://www.wsj.com/news/author/christopher-mims) in episode one of our interview series Bold Names.
Further Reading
[Why Elon Musk’s Robotaxi Dreams Are Premature] (https://www.wsj.com/business/autos/elon-musk-robotaxi-end-to-end-ai-plan-1827e2bd?mod=WSJ_TNBPOD)
[Elon Musk Plays a Familiar Song: Robot Cars Are Coming] (https://www.wsj.com/business/autos/elon-musk-tesla-robotaxi-cybercab-event-52cddfb2?mod=WSJ_TNBPOD)
[Ultralong-Range Electric Cars Are Arriving. Say Goodbye to Charging Stops.] (https://www.wsj.com/articles/ultralong-range-electric-cars-are-arriving-say-goodbye-to-charging-stops-a5cf4390?mod=WSJ_TNBPOD)
[Used EVs Sell for Bargain Prices Now, Putting Owners and Dealers in a Bind] (https://www.wsj.com/business/autos/used-evs-sell-for-bargain-prices-now-putting-owners-and-dealers-in-a-bind-a44e1718?mod=WSJ_TNBPOD)
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