CEO Peter Rawlinson revealed Lucid was planning to launch an EV priced around $50,000. The new midsize electric models are aimed “right in the heart of Tesla Model 3, Model Y territory.”

Although we knew a midsize electric crossover would be one of the new models, Lucid told Electrek last month that three will actually hit the market.

Based on its new midsize platform, one will be a crossover SUV, the other an electric sedan, and the third is yet to be confirmed. However, it could be a possible off-road-focused model as Lucid expands into new segments.

During Tuesday’s tech event, Lucid revealed a new teaser (shown above), giving us a glimpse at the upcoming electric SUV.

The company said the new crossover will utilize its new tech “to deliver the same range as competitors while using a smaller battery.”