Luxury EV maker Lucid says it’s working on mid-size rival for the Tesla Model 3 and Y that will benefit from its advanced tech

AutoExec Summary
Lucid Motors is gearing up to enter the mainstream market with a mid-size car targeting Tesla Model 3 and Model Y. Priced at around $50,000, this new model is set to be launched in the second half of the decade. Lucid’s CEO, Peter Rawlinson, aims to increase the brand’s global volume by introducing a more affordable model. The brand plans to compete with Tesla by offering advanced technology that allows for longer range with less battery usage. Additionally, Lucid is working on a right-hand drive vehicle for a potential UK launch and is rumored to be developing a pick-up truck based on its Gravity SUV.

Brands mentioned: Tesla, Rivian.