December 22, 2024 8:25 am
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Lucid Motors CEO sees no threat from Apple’s rumored electric-car plans

By Cromwell Schubarth | Phoenix Business Journal

Lucid Motors Inc. CEO Peter Rawlinson boasted on Tuesday that electric cars like those his company will produce will eventually fill the automotive market and he isn’t worried about rumors that Apple Inc. has one on the way.

“There’s always room for new entries,” the former chief engineer at Tesla Inc. said in an appearance on CNBC’s “Mad Money,” saying the market for electric vehicles is huge. “There’s no such thing as an EV market. This is a market for cars and EVs will penetrate and completely fill that.”

Read the full subscription story from the Phoenix Business Journal.

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.