Customers are already pre-ordering the Lucid Gravity SUV. Speaking with Yahoo Finance auto reporter Pras Subramanian, Lucid CEO Peter Rawlinson says the addressable market for the Gravity is about six times that of its Air sedan, adding that this is a "huge product" for the EV company. He also thinks Lucid (LCID) has "taken the mantle from Tesla (TSLA)" in terms of technology, adding that the rival has become "distracted."

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This post was written by Stephanie Mikulich.