Jaguar just gave a closer look at its Tesla rival coming in 2018 - and it's gorgeous

Jaguar just gave us a closer look at the Tesla rival it plans to release in 2018.

Jaguar first showed off the I-PACE, the automaker's electric SUV concept, at the Los Angeles Auto Show last November. At the time, Jaguar said the concept will serve as the basis for a production model set to arrive next year.

On Thursday, Jaguar released new images of the concept in an absolutely gorgeous red that allows the car to look more like a production vehicle.

Jaguar is planning to build an electric SUV at a time where demand for smaller sedans is waning. It's a smart strategy that several automakers are taking, and it puts Jaguar in direct competition with Tesla, particularly with the Model X.

Scroll down for a closer look at the I-PACE: