Lucid Motors is preparing to launch its first-ever electric sedan, the Lucid Air, in the second half of 2021. Naturally, any new EV company is compared to Tesla, which is considered to be the holy grail in the EV space.

Lucid Motors Chief Executive Officer Peter Rawlinson told Reuters on Tuesday that the luxury electric car maker plans to launch a rival to Tesla Inc’s Model 3 in 2024 or 2025.