Over 640 km of range: the new major rival to the Tesla Model Y already has a price listed.
12/11/2026 15:00
Updated to
12/11/2026 15:00
Lucid Motors, the American electric vehicle manufacturer that was once seen as Tesla’s main rival, is facing another set of challenges. Despite the delayed launch of its luxury SUV, the Gravity, its sales have not taken off, yet the company has signed a key deal with Uber to become the foundation for its autonomous taxis.
In addition, the Saudi royal family — its main shareholder — has reiterated its confidence in them with a new loan of 1.575 billion euros. All of this serves one purpose: to finally launch the electric SUV that is set to become Tesla Model Y’s new major rival. Everything is progressing smoothly toward starting production in 2027; its base price is already known, and Lucid Motors’ CEO, Silvio Napoli, stated last summer that it will offer “over 400 miles” or 640 km of range, a range greater than that of the Tesla Model Y, which provides up to 622 km in its Long Range version.
Progress on Production of Tesla Model Y’s Major Rival
With an estimated price of less than $50,000 in the United States—equivalent to around 45,000 euros in Europe, a market it has already been confirmed will enter, though likely by 2028—the new electric SUV competing with the Tesla Model Y has had its name, Lucid Cosmos, and its design finalized for years.
Lucid’s CEO has just revealed more details about the upcoming production of the Cosmos, going beyond the “over 640 km” range “on a single charge” figure he disclosed this summer.
Initially, construction at the company’s second factory, where this rival to the Tesla Model Y will be built in Saudi Arabia, is progressing well “toward its inauguration and commissioning for production.” But what’s more interesting is that the company’s CEO stated the next Cosmos is already “in the final stage of prototype development,” which “includes homologation and crash testing.”
Production of this rival to the Tesla Model Y — which already has a price set — is so close that Lucid has already announced it plans to reveal “the timeline for launch and production start” during the first quarter of next year.
With a revolutionary engine, it will exceed 640 km of range
This new competitor to the Tesla Model Y will be built on a new platform, on which Lucid Motors hopes to manufacture two additional models in the future. But other very interesting details are already known: first, its aerodynamics, which will be highly efficient thanks to a Cx value of just 0.22.
Additionally, the new Cosmos has a secret weapon that should help it exceed the aforementioned 640 km of range: a new engine. Named Atlas, it will have 30% fewer components and be up to 23% lighter than the Zeus engines used in the current Gravity model.
But most importantly, according to this Tesla competitor, this engine will be up to 10% more efficient than the propulsion units in the Model Y. As a result, its range will be greater than that of the world’s best-selling electric SUV. And its price will be similar.