On September 5, local time, Elon Musk (Elon Musk) attacked Lucid's CEO's ultra-high annual salary on X (formerly Twitter).。

The cause of the matter is that Automotive News / Equilar has released a survey report on CEO compensation of listed automakers in 2022.。According to the report, Peter Rawlinson, CEO of Lucid, a US start-up electric car maker, is leading the way with a whopping 3.$7.9 billion takes top spot。The results drew a crowd of netizens, including Musk。

Musk says on X to be wary of any company where leadership pay is not tied to performance。

Musk's claims are not unreasonable, because Lucid's days are getting harder now。

Lucid's highlight moment comes in 2021。That year, Lucid landed on Nasdaq, and as investors were afraid of missing out on the next Tesla, Lucid's stock also received a buzz from investors.。Lucid's share price skyrocketed immediately after its listing, with a market capitalization of more than $90 billion at one point.。But with production and sales "getting worse every year," the stock's share price is also all the way down, has plummeted more than 80%, the market value of only about $14 billion.。

Lucid reported total revenue for fiscal 2022 of 6.$08.2 billion, which means that Rawlinson's annual salary is more than half of the company's revenue.。In the first half of the year, the company's revenue nearly doubled from a year earlier to $300 million, but its operating loss expanded nearly 40 percent to $1.6 billion over the same period.。

In the face of continued losses, the company is also offering executives such huge salaries, I wonder how Lucid's investors feel。

It is reported that Rawlinson total 3.The $7.9 billion annual salary includes a base salary of $575,000, 3.$7.3 billion in stock awards and $5.5 million in stock options。Rawlinson's huge compensation is related to his goal of achieving the company's market value.。After Rawlinson helped Lucid meet its market capitalization target last March, nearly 14 million of his 16 million restricted shares have been "unbanned," according to SEC filings.。

Rawlinson's annual salary easily rolls over pay for traditional automaker executives。According to the report, Rawlinson was more than 10 times higher than the $34.11 million for Mary Barra, the second-place GM CEO, and 21 times higher than the $18.3 million for Jim Farley, the third-place Ford CEO.。

And Rawlinson is ridiculously high compared to the salaries of other electric car startup CEOs。It is reported that Rivian, also an electric vehicle start-up, its CEO Robert Scaringe (Robert Scaringe) will only have about $1 million in revenue in 2022.。Currently, Rivian is valued at more than $22 billion, more than 50 percent higher than Lucid's roughly $14 billion.。

It is worth noting that Musk, who attacked Rawlinson and Lucid, ranked bottom in the above report。Because Musk did not receive any stock awards or options last year and refused to receive a salary.。Previously, though, after Tesla passed several market capitalization and earnings milestones, Musk received more than $23 billion in stock options in 2021.。Musk has since profited from Tesla's soaring stock price。