Tesla’s (TSLA) Technology is no comparison to what electric vehicle startup Lucid Motors (LCID) is preparing, says CEO Peter Rawlinson.

“We clearly have the best technology in the world. We have now taken over from Tesla – we have the best technology,” Rawlinson told Yahoo! Finance“We have taken the lead. Without a doubt.”

It is not the first time that Rawlinson touted his company’s technology – and it probably won’t be the last time. The CEO told Yahoo that Lucid’s rival and, in his opinion, the former technology leader was “distracted.”

Rawlinson said the addressable market for Lucid’s upcoming three-row gravity SUV will be six times larger than the Air series luxury sedans. Currently, the Air sedan is the only vehicle for sale from the Californian company.

Although Lucid Sales records Deliveries in both the first and second quarters of the year were below previous estimates of 10,000 per year. Lucid has said it is on track to produce 9,000 sedans this year.

The Gravity is expected to cost less than $80,000 when it is launched. In an interview with The edge At the Pebble Beach Concours d’Elegance, Rawlinson said the first Gravity buyers should receive their SUVs in late 2024, with full production at the company’s Arizona plant running by early 2025. A mid-size model is also in the works and should hit the market in late 2026.

Rawlinson recently went to LinkedIn to demonstrate its evolving technology and highlight that Lucid Air Pure is the most efficient production car in the world. The CEO also compared the development of the Air’s technology with that of competitors such as Tesla’s Model S – on which Rawlinson worked as chief engineer in the early 2010s – and the Porsche (POAHY) The Taycan.

“If the biggest competitor maintained its pace of progress, it would take many years to catch up with Lucid,” Rawlinson wrote.

Despite Rawlinson’s confidence, Lucid has struggled to fill its coffers in recent years. The startup in May laid off about 6% of its workforce as part of a restructuring. Earlier this month, the company reported a second-quarter net loss of $790 million, despite revenue increasing 33% year-over-year.

Ayar Third Investment, a subsidiary of Saudi Arabia’s Public Investment Fundalso agreed to provide $1.5 billion to provide Lucid with “sufficient liquidity” through the fourth quarter of 2025, said interim CFO Gagan Dhingra. In March, Lucid said it would Raise $1 billion by Ayar.