Lucid Motors is about to unseat Tesla: Can Gravity threaten the king of electric cars?

Lucid Motors, a relatively young player in the electric vehicle field, is about to take the next step in its ambitious plan to expand its offerings. The company has high hopes for the upcoming Gravity, an SUV due to launch later this year. The company's CEO, Peter Rawlinson, believes that this particular model could significantly change Lucid Motors' market position and double their sales. But can Lucid really compete with a giant like Tesla?

Lucid Motors $LCID has already gained recognition with its luxury sedan, the Lucid Air, but sales numbers have yet to meet expectations. The company sold 2,394 vehicles in the second quarter of this year, which is a solid result, but not enough to turn a profit. However, Rawlinson sees huge potential in the new Gravity and expects the market for this type of car to be up to six times larger than for the Lucid Air.

Production at the Arizona plant, which has a capacity of up to 90,000 cars a year, is ramping up to full speed, Rawlinson says. He plans…

Read the full article for free?
Go ahead 👇

Do you have an account? Then log in . Or create a new one .

No comments yet
Don't have an account? Join us

Log in to Bulios


Or use email and password
Already a member? Log in

Create Bulios profile

Continue with

Or use email and password
You can use lowercase letters, numbers, and underscores

Why Bulios?

One of the fastest growing investor communities in Europe

Comprehensive data on thousands of stocks from around the world

Current information from global markets and individual companies

Education and exchange of investment experience among investors

Fair prices, portfolio tracker, stock screener and other tools

Posts StockBot Tracker