Elon Musk Has A Word Of Caution Over Lucid CEO Rawlinson's Pay: 'Beware Any Company Where...'
Portfolio Pulse from Anan Ashraf
Lucid Group Inc's CEO, Peter Rawlinson, was the highest-paid automotive CEO in 2022, with a total compensation of $379 million. This is 11 times more than General Motors Co's CEO, Mary Barra, and significantly more than Ford Motor Co's CEO, James Farley. Tesla Inc's CEO, Elon Musk, responded to this news by cautioning against companies where leadership compensation is not linked to performance. In 2022, Lucid produced 7,180 vehicles and reported an annual revenue of over $608 million.
September 05, 2023 | 6:21 am
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Ford Motor Co's CEO, James Farley, ranks third among automaker CEOs in terms of their total compensation with $18 million.
The CEO compensation comparison is unlikely to have a significant impact on Ford's stock in the short term.
CONFIDENCE 90
IMPORTANCE 25
RELEVANCE 50
NEUTRAL IMPACT
General Motors Co's CEO, Mary Barra, had a total compensation of about $34 million in 2022, significantly less than Lucid's CEO.
The CEO compensation comparison is unlikely to have a significant impact on GM's stock in the short term.
CONFIDENCE 90
IMPORTANCE 25
RELEVANCE 50
NEUTRAL IMPACT
Lucid Group's CEO was the highest-paid automotive CEO in 2022, with a total compensation of $379 million. The company produced 7,180 vehicles and reported an annual revenue of over $608 million.
While the high compensation of Lucid's CEO might raise some eyebrows, the company has exceeded its production guidance and reported significant revenue. This could potentially have a neutral impact on the stock.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
Tesla's CEO, Elon Musk, responded to the news of Lucid's CEO compensation by cautioning against companies where leadership compensation is not linked to performance. Musk took no salary from Tesla in 2022 and instead holds shares in the company.
Elon Musk's comments might stir some discussion, but it's unlikely to have a significant impact on Tesla's stock in the short term.
CONFIDENCE 90
IMPORTANCE 50
RELEVANCE 75