Lucid begins testing on its 'Gravity' All-Electric SUV

Yahoo Finance automotive reporter Pras Subramanian to discuss the latest developments involving Lucid and its all-electric SUV.

Video transcript

- EV top of mind within the auto space. A competitor on the EV front is making gains on its all new-- its new, rather, all electric SUV. So what can you tell us on that?

PRAS SUBRAMANIAN: Well, so Lucid's out there now with-- the Project Gravity was their concept SUV that's supposed to come out soon 2024. Today, they released some imagery and some video of that car. You can see it there. Very reminiscent of the Lucid Air sedan but obviously an SUV form factor.

Potentially that holds seven people. So three rows, very important for the US market. Going to-- Lucid says it will have the longest range of any EV SUV. That's a big deal.

I'm guessing from a price point of view it'll be in the territory of the Model X, around $90,000. Give or take, maybe more, maybe less. But that's stiff competition there. There's the Mercedes EQS SUV. There's the Tesla Model X and also the Rivian R1S SUV. So it's a big space, but I think a competitive space and probably better space for Lucid to be in because only so much demand for really high end sedans that they have right now.

- We'll see whether or not they are successful in this new category. Pras Subramanian, great stuff. Thank you.