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…