Lucid CEO’s $379 million annual pay draws criticism from billionaire Elon Musk: ‘Beware any company where leadership compensation is not linked to performance’

Lucid Motors CEO Peter Rawlinson drew criticism from Tesla CEO Elon Musk after earning the title of highest-paid executive in the automotive business, with a $379 million compensation package that Musk believes is not linked to performance.

fortune.com

Relevant topic timeline:

8/23/2023

Elon Musk shows off production Cybertruck in Texas

Tesla CEO Elon Musk showcased a production version of the company's long-delayed Cybertruck on social media, as the electric vehicle manufacturer aims to enter the profitable pickup segment and compete with rivals Ford and Rivian.

8/24/2023

After Driving a Cybertruck With Fit & Finish Issues, Elon Musk Rallies Tesla Employees To Achieve LEGO Precision

Tesla CEO Elon Musk rallies employees to achieve the same build precision with the Cybertruck as that of LEGO and soda cans, addressing concerns about fit and finish issues before the vehicle's first deliveries.

8/24/2023

CEOs of top 100 ‘low-wage’ US firms earn $601 for every $1 by worker, report finds

CEOs of the lowest-paying companies earned $601 for every $1 earned by the average worker, while investing in stock buybacks and enriching themselves and shareholders, according to a report from the Institute for Policy Studies.

8/25/2023

Group of over 3,000 Tesla shareholders set for $12,000 payout over Elon Musk's 'funding secured' tweet

Tesla founder Elon Musk will pay back more than 3,000 investors approximately $12,397 each as part of a settlement over a lawsuit accusing him of defrauding investors with a tweet about taking the company private.

9/4/2023

Elon Musk thought Parag Agrawal was not the 'fire-breathing dragon' Twitter needed - Times of India

Elon Musk believed that former Twitter CEO Parag Agrawal was not the aggressive leader that the platform needed, according to a new book by Walter Isaacson, leading to Parag's removal and Musk taking over as CEO, a decision that has resulted in thousands of employee layoffs and a more than 50% reduction in Twitter's value.

9/5/2023

Tesla CEO Elon Musk Mocks Lucid CEO Over Pay

Elon Musk mocks Lucid CEO Peter Rawlison over CEO compensation.

9/8/2023

Musk's $25,000 Tesla EV Back on Track Thanks to Execs and Shared Production with Robotaxi

Tesla CEO Elon Musk, despite previous prioritization of developing a robotaxi, has been convinced by company executives to focus on both a $25,000 electric car and the robotaxi, according to Musk's biographer Walter Isaacson.

9/11/2023

Elon Musk Gives Bill Gates the Cold Shoulder After Losing $500M Tesla Bet

Elon Musk was "super mean" to fellow billionaire Bill Gates after Gates purchased a short position on Tesla stock, resulting in Musk refusing a philanthropy request from Gates.

9/11/2023

Tesla Troubles Overlooked in Flattering Musk Biography

The biography "Elon Musk" by Walter Isaacson explores the life and achievements of the Tesla and SpaceX CEO, but fails to address controversial aspects such as his experiences with apartheid and allegations of discrimination, resulting in a one-sided portrayal of Musk as a visionary hero.

9/14/2023

Elon Musk's 'Intensity Addiction' Drives Him to Take Big Risks and Work Nonstop, Says Biographer

Elon Musk, known for his leadership at Tesla and SpaceX, has a relentless drive for intensity and risk-taking, leading him to acquire Twitter and run multiple companies simultaneously.

9/16/2023

Musk Stubbornly Rejected LiDAR Despite Engineers' Safety Concerns About Autopilot Reliance on Cameras Alone

Tesla CEO Elon Musk would frequently berate his engineers after Autopilot's driver assistance technology performed dangerously during test drives, highlighting his stubbornness in how the technology should be built, as revealed in Walter Isaacson's biography on Musk.

9/18/2023

UAW President Criticizes Musk as Greedy, Seeks Pay Raises from Automakers amid Unionization Push

The president of the United Auto Workers union has criticized Elon Musk and claimed that workers at companies like Tesla are struggling while CEOs like Musk profit.

9/18/2023

Elon Musk Denies Tesla in Talks With Saudis for EV Facility Despite Reported Metal Supply Interests

Tesla CEO Elon Musk denies a Wall Street Journal report claiming that the company is in early discussions with Saudi Arabia about establishing a manufacturing facility in the country, calling it another false article.