Lucid Motors CEO welcomes competition from Apple CarLucid Motors CEO thinks there's plenty of room for car competition.
What you need to know
Lucid Motors CEO Peter Rawlinson was on CNBC's 'Mad Money' this week.
The CEO says that, since the EV market will eventually overtake the entire car market, there is plenty of room for competition from companies like Apple.
Lucid Motors CEO Peter Rawlinson doesn't seem too concerned with the idea of an Apple Car making its way onto the market.
In an interview on CNBC's Mad Money, Rawlinson was asked about his thoughts on a potential electric car from Apple. The CEO said that he welcomed the competition and pointed out that those with the best technology in the car will win out.
"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."
Rawlinson went on to say that el...
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Lucid Motors CEO welcomes competition from Apple Car
