Results for: LCID

Lucid Motors is gearing up to enter the highly competitive SUV market with its upcoming Gravity model. Orders for the Grand Touring trim, starting at $94,900, will open on November 7th. This luxurious SUV boasts impressive features including over 800 horsepower, a projected range exceeding 440 miles, and a spacious interior that can accommodate up to seven adults. However, the company’s stock has been struggling, and investors are eager to see how the Gravity will impact Lucid’s future.

Despite recent struggles, Lucid Motors stock has shown signs of resilience, rebounding after hitting a year-to-date low. Factors contributing to LCID’s struggles include the popularity of hybrid vehicles and layoffs in the EV industry. However, positive analyst coverage and speculation of a potential short squeeze suggest that Lucid may be poised for a turnaround.