Autos

Lucid Motors CEO on Apple car rumors: ‘I welcome the competition’

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Lucid Motors CEO Peter Rawlinson on Tuesday told CNBC that the electric vehicle newcomer has no issue facing potential competition from one of the the most valuable companies on the planet.

Apple, which commands a $2.1 trillion valuation, is rumored to be interested in putting an electrified car on the road.

“I welcome the competition from a company like Apple,” Rawlinson said in a “Mad Money” interview. “Ultimately, you know, this is a technology race. Tesla recognizes that and Lucid recognizes that, and I think that’s what differentiates so many of the traditional car companies.”

Speculation about a vehicle project, a so-called Apple Car, has been swirling for years. Reports about a car…



Source cnbc.com

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