Lucid Motors Inc CEO Peter Rawlinson told Yahoo! Finance on Wednesday the luxury electric vehicle maker is aiming to compete with the market leader Tesla Inc TSLA in what's going to play out as a "two-horse" electric vehicle tech race. What Happened : Rawilson said legacy automakers are pouring in billions of dollars in recognition that it is a technology race. Tesla tops the charts in that department and Lucid aims to replicate this with its technology.