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Lucid CEO: $50,000 Model 3, Model Y Competitor Coming Sooner Than You Think
CEO Peter Rawlinson and top designer Derek Jenkins spill new details about Lucid's "Project Midsize," aimed right at cars like the Tesla Model Y and Model 3.
The addition brings the factory size from 800,000 square feet to over 3.8 million, adding a whole new production line meant to produce the forthcoming Gravity EV crossover. Lucid’s once-rumored midsize car project is coming pretty soon, a fact confirmed by two of the biggest people in the brand’s leadership. Lucid's EV tech is extremely impressive (and so is the Air's range), but the startup had an up-and-down sales year in 2023 and often found itself facing intense cash burn.
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