Bank of America just raised its EUR/USD forecast
NEWARK, Calif. - Lucid Group, Inc. (NASDAQ:LCID), currently trading near $2.27 per share and showing strong revenue growth of over 40% in the last twelve months, announced Tuesday it will update its DreamDrive Pro advanced driver assistance system to include hands-free driving capabilities, enhancing its electric vehicle offerings. According to InvestingPro analysis, while the company maintains a healthy cash position exceeding its debt, it faces significant cash burn challenges as it pursues technological advancement.
The update, scheduled for July 30 for Lucid Air owners and later this year for Lucid Gravity owners, will introduce Hands-Free Drive Assist and Hands-Free Lane Change Assist features. These capabilities will allow drivers to operate compatible Lucid vehicles without hands on the steering wheel on divided highways and make lane changes by activating the turn signal. With a market capitalization of $6.9 billion and a current ratio of 3.32, the company appears well-positioned to continue its technological investments.
"The addition of these features to Lucid’s DreamDrive Pro offers a glimpse into the future that Lucid is building with the impressive capabilities of our software-defined vehicles," said Kai Stepper, Vice President of ADAS and AD at Lucid, according to the company’s press release.
The DreamDrive Pro system, available as an optional upgrade, utilizes 32 sensors including LiDAR, radar, cameras, and ultrasonic sensors to enable these advanced driving features.
Lucid emphasized that the hands-free features are not a replacement for attentive driving, noting that drivers should remain focused on the road and surroundings at all times. The company also specified that the features will only function on compatible roads as indicated by in-vehicle alerts.
This update represents part of Lucid’s broader technology roadmap as the company continues developing its in-house software stack for advanced driver assistance and autonomous driving capabilities. While analysts anticipate sales growth in the current year, InvestingPro data reveals several additional key insights about Lucid’s financial health and market position. For detailed analysis and 10+ additional ProTips, including comprehensive valuation metrics and growth projections, explore Lucid’s full Pro Research Report, available exclusively to InvestingPro subscribers.
In other recent news, Lucid Group Inc. delivered 3,309 vehicles in the second quarter of 2025, which fell short of analyst expectations but marked an improvement over the same period last year. The company produced 3,863 vehicles during the quarter, also below projections, yet still an increase from the previous year’s production. Despite these shortfalls, Lucid reaffirmed its full-year production guidance of 20,000 vehicles. Benchmark maintained its Buy rating on Lucid, highlighting strong demand for the company’s new Gravity SUV and projecting 16,776 deliveries for the year. Cantor Fitzgerald, however, maintained a Neutral rating, citing mixed delivery data. Lucid’s recent achievement of setting a Guinness World Record for the longest journey by an electric vehicle on a single charge was also noted. The record-breaking journey spanned 749 miles from St. Moritz, Switzerland, to Munich, Germany, showcasing Lucid’s technological capabilities. Stifel reiterated its Hold rating, emphasizing Lucid’s ability to manage tariff impacts due to its domestic manufacturing footprint.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.