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Lucid is a luxury EV maker founded in 2007. Majority-owned by the Saudi PIF, it builds the ultra-efficient Air sedan and Gravity SUV. Official: Lucid

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"Lucid CEO teases a mid-size Tesla Model 3, Model Y competitor in development!
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During a ribbon-cutting ceremony celebrating the opening of Phase 2 at its AMP-1 production facility in Arizona, Lucid Motors CEO Peter Rawlinson briefly teased the automaker’s third model in the works – a mid-size EV that will arrive as a direct competitor to the Tesla Model 3 and Model Y.

Electrek was on location this morning in Casa Grande, AZ, home to Lucid Motor’s AMP-1 production facility, which now houses Phase 2 of the American automaker’s four-phase expansion plan. Since we last visited during the start of Air production two years ago, AMP-1 has expanded from approximately 800,000 square feet in size to over 3.8 million sq. ft.

Phase 2, which will be home to production of Lucid’s second flagship EV – the Gravity SUV, also includes a stamping machine and a second body shop and provides enough room to bring supply chain storage and powertrains in-house rather than building them up the road and trucking the parts over.

To celebrate the massive (on schedule) expansion, Lucid Motors held a ribbon-cutting ceremony mere feet away from the Air’s general assembly lines, attended by Arizona Governor Katie Hobbs and US Representative Juan Ciscomani, amongst several other local mayors and Arizona politicians.

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The entire Lucid crew on shift at AMP-1 gathered around the stage as CEO and CTO Peter Rawlinson thanked them for all their efforts that helped get the relatively young automaker to today’s milestone.

Everyone applauded when Rawlinson touted the specs of Lucid’s Air sedan, which, even at its lowest tier trim level, provides better range (419) than its “closest competitor” (ahem, Tesla). The crowd oohed and aahed when Lucid’s CEO discussed the performance and market potential of the ultra-roomy Gravity SUV (for good reason).

Rawlinson confirmed previous statements that a third Lucid model is in the works and physically exists in its development form. It will be a mid-size EV and the company’s first model with mass-market appeal. Better yet, Lucid’s CEO has reiterated and said this new EV will directly compete with Tesla – more specifically, the Model 3 sedan and Model Y crossover.

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Lucid’s mid-size Tesla competitor coming, but a ways away
Following the event, questions about a more affordable Lucid model were all I wanted to focus on, although there were plenty of other sights and essential people to chat with to pique my interest further.

For example, Lucid’s senior vice president of design and brand, Derek Jenkins, walked me around the Gravity SUV inside and out, which I will follow up on in a separate piece. But as Jenkins and I sat in the front seat of Lucid’s second model, he shared some tidbits of what we can expect to see on what we are calling “project mid-size.”:

Mid-size is a super exciting program. The whole point of all of this is to establish ourselves in this luxury segment and then take all the attributes, all the capability, and a version of the technology and go mainstream. That’s what that car represents, and it has all of that, surprisingly. So stay tuned. We’re going to say as much as we can as soon as we can, but I will say the design is fairly solidified at this point, but there are still things being reviewed,

Before my tour of AMP-1 Phase 2, I got a few minutes to sit down with Peter Rawlinson, who immediately reminded me that he has made good on his timelines to deliver Air and quadruple the size of AMP-1 by 2024. His next promise? “Gravity is going to be awesome.”

From what we’ve seen so far, it looks like another work of art in design, luxury, and, most impressively, in my opinion, efficiency – not just in kWh, but in space utilization and sheer optimization throughout the SUV.

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While much of the early chat from Rawlinson was regurgitated specs from the presentation or details you can read on Lucid’s website, in the core of the CTO and CEO exists an ethos of “er.” As in, delivering cars that drive faster, go farther, last longer, and eventually are cheaper. Rawlinson shared that strategy with me last time we were in Arizona together, following the launch of Air production, sharing that he understands that the company’s vehicles are expensive, but that’s never been the end game.

The goal is to use that optimized technology and (hopefully) profits from those higher-end model sales to deliver a fully scaled, mass-market EV everyone can enjoy. That’s a similar strategy taken by America’s EV sweetheart Tesla with the Model 3, years after Rawlinson had left following his work on the Model S."
While much of the early chat from Rawlinson was regurgitated specs from the presentation or details you can read on Lucid’s website, in the core of the CTO and CEO exists an ethos of “er.” As in, delivering cars that drive faster, go farther, last longer, and eventually are cheaper. Rawlinson shared that strategy with me last time we were in Arizona together, following the launch of Air production, sharing that he understands that the company’s vehicles are expensive, but that’s never been the end game.

The goal is to use that optimized technology and (hopefully) profits from those higher-end model sales to deliver a fully scaled, mass-market EV everyone can enjoy. That’s a similar strategy taken by America’s EV sweetheart Tesla with the Model 3, years after Rawlinson had left following his work on the Model S.

While much of the early chat from Rawlinson was regurgitated specs from the presentation or details you can read on Lucid’s website, in the core of the CTO and CEO exists an ethos of “er.” As in, delivering cars that drive faster, go farther, last longer, and eventually are cheaper. Rawlinson shared that strategy with me last time we were in Arizona together, following the launch of Air production, sharing that he understands that the company’s vehicles are expensive, but that’s never been the end game.

The goal is to use that optimized technology and (hopefully) profits from those higher-end model sales to deliver a fully scaled, mass-market EV everyone can enjoy. That’s a similar strategy taken by America’s EV sweetheart Tesla with the Model 3, years after Rawlinson had left following his work on the Model S."

 
Better late than ever , I guess. But this car is still years away from release...

Hope they don't go bankrupt until then
 
I truly hope they succeed and start selling big numbers. Engineering driven companies are far too rare especially in automotive. Has anyone driven the Air?
 
Looking at the stock price Lucid is already bankrupt. Air and Gravity only bring them losses at this point.
 
Looking at the stock price Lucid is already bankrupt. Air and Gravity only bring them losses at this point.
"Lucid is down roughly 95% from its best price but could have explosive potential. Is the EV maker a worthwhile investment?"

Hahaha
 
"Lucid is down roughly 95% from its best price but could have explosive potential. Is the EV maker a worthwhile investment?"

Hahaha
Seriously 95%?
Invest? lol. Buying one of their cars would be worth thinking four times...who provides post sales service if they go bankrupt?
It's one of the first things I evaluate with these "new" companies and I guess I'm not the only one.
 
Seriously 95%?
Invest? lol. Buying one of their cars would be worth thinking four times...who provides post sales service if they go bankrupt?
It's one of the first things I evaluate with these "new" companies and I guess I'm not the only one.
They all think they will be the "new Tesla"....or the "new Rivian"...
 
They all think they will be the "new Tesla"....or the "new Rivian"...
Well, Rivian for me is still outside the "circle of trust", although I already saw one here 15,000 miles from where they are manufactured, was the SUV and I was amazed at how formidable it is IRL.
 
"Lucid CEO teases a mid-size Tesla Model 3, Model Y competitor in development!
Positive development. The challenge will bringing it to market at $35-45k. As Tesla, Huyndai and BYD have demonstrated, EVs are coming increasingly homogenous. Range and power is largely homogenous with little difference between a 5 year and a brand new EV.

Basically EVs are a race to the bottom and once BYD, Tesla and incumbents have built up scale and reduced starting prices to $30-40k, it will be unviable for start-ups to compete.

China and India are the markets for achieve economies of scale……….but you need factories in those markets which Lucid have not yet mentioned.
 
Positive development. The challenge will bringing it to market at $35-45k. As Tesla, Huyndai and BYD have demonstrated, EVs are coming increasingly homogenous. Range and power is largely homogenous with little difference between a 5 year and a brand new EV.

Basically EVs are a race to the bottom and once BYD, Tesla and incumbents have built up scale and reduced starting prices to $30-40k, it will be unviable for start-ups to compete.

China and India are the markets for achieve economies of scale……….but you need factories in those markets which Lucid have not yet mentioned.
Yea , but Tesla used the funds from S and X to develop the 3 and Y , and 3 and Y was the main purpose of building EVs.

Hyundai is an old dog , but does not sell so many EVs right now...

BYD was made for mass consumers in the first place , not the elite...

I am afraid Lucid is a little to late with the low cost EV. It's still years away from official release. And the Air is not doing great already ( while Model S was doing great in it's first years , selling between 10 and 20,000 units per year)
 
Lucid Air not selling well because expensive EV don't sell well. Plus it looks a bit weird, infotainment is laggy and brand trust is at lowest point. Very difficult times ahead.
Probably Saudis will pump money until they make the 3/Y competitor.
 
Lucid Air not selling well because expensive EV don't sell well. Plus it looks a bit weird, infotainment is laggy and brand trust is at lowest point. Very difficult times ahead.
Probably Saudis will pump money until they make the 3/Y competitor.
Marketing timing is everything.

Bad product + Great timing = Success

Great product + bad timing = Disaster

ZIRP(Zero Interest Rate Period) is over. Raising funding now compared with 3-5 years ago is significantly more challenging - even more so if you are not an AI start-up. Softbank and other VC’s are writing down some of their investments by 40-90%.

The Saudia Arabia is Lucid’s only life line until they turn a profit.
 
Marketing timing is everything.

Bad product + Great timing = Success

Great product + bad timing = Disaster

ZIRP(Zero Interest Rate Period) is over. Raising funding now compared with 3-5 years ago is significantly more challenging - even more so if you are not an AI start-up. Softbank and other VC’s are writing down some of their investments by 40-90%.

The Saudia Arabia is Lucid’s only life line until they turn a profit.
The Saudi's, from my understanding have stated their in it for awhile. Particularly with the factory that's been built. But even I know patience wears thin, very quickly.
 

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