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NEWARK, Calif. - Lucid Group, Inc. (NASDAQ: LCID), currently trading at $2.53 and showing a strong 9% return over the last week, has unveiled its latest electric vehicle, the 2026 Lucid Gravity, claiming it to be the first SUV that offers the full package: luxury, performance, and practicality without compromise. According to InvestingPro data, while the company maintains a healthy balance sheet with more cash than debt, it faces significant cash burn challenges. The Gravity model features a three-row seating arrangement and promises a driving range of up to 450 miles on a single charge, according to EPA estimates.
The new SUV is equipped with Lucid’s proprietary EV technology, designed and manufactured in-house, which includes a built-in North American Charging Standard (NACS) charge port. This enables one of the fastest charging experiences available, capable of adding 200 miles of range in under 11 minutes at superchargers.
The Lucid Gravity is designed to combine the comfort of a full-size SUV with the agility of a sports car. It boasts up to 828 horsepower and comes with standard air suspension and an optional rear-axle steering system. With revenue growth of 35.7% in the last twelve months, Lucid aims to capitalize on the expanding electric vehicle market, though InvestingPro analysis indicates the company is currently trading near its Fair Value. Inside, the vehicle features a 34-inch 6K OLED touchscreen and an optional augmented reality head-up display, powered by Lucid’s UX 3.0 operating system.
Eric Bach, SVP Product at Lucid, highlighted the Gravity’s versatility, stating it offers "an unprecedented combination of comfort and space, ride and handling, practicality and range," making it a suitable choice for families.
Lucid has also developed a unique technology to facilitate compatibility with both 500V and 1000V charging networks, ensuring maximum charging speed on any accessible charger. The company’s focus on a software-defined vehicle approach means that new features can be added throughout the vehicle’s lifetime via over-the-air software updates.
The 2026 Lucid Gravity Grand Touring is priced starting at $94,900 and is available for order now, with delivery planned for later in 2025. The Touring model starts at $79,900.
Based on a press release statement, the Lucid Gravity aims to set a new standard in the electric SUV market, leveraging the company’s advanced EV technology and Silicon Valley roots. With a market capitalization of $7.67 billion and analysts projecting continued sales growth, investors can access comprehensive analysis and 12 additional ProTips through InvestingPro’s detailed research reports, available as part of their coverage of 1,400+ US equities.
In other recent news, Lucid Group Inc. has successfully secured $1.1 billion through a convertible senior notes offering, set to mature in 2030. This move, which includes an option for initial purchasers to acquire an additional $100 million in notes, aims to support Lucid’s growth and is backed by the Public Investment Fund. The net proceeds, after expenses, amount to approximately $1,082.2 million, with portions allocated for capped call transactions and repurchasing existing notes. In its recent financial update, Lucid reported delivering 3,109 vehicles in the first quarter, aligning with market expectations but slightly below Benchmark’s forecast. The company anticipates first-quarter revenues between $232,000 and $236,000, close to Benchmark’s projection but below the consensus estimate of $246,000. Benchmark analysts maintained a Buy rating with a $5 target, citing Lucid’s domestic manufacturing as a buffer against new tariffs. Meanwhile, Cantor Fitzgerald analysts upheld a Neutral rating, highlighting Lucid’s strategic U.S. manufacturing as a protective measure against tariff impacts. The ongoing expansion of Lucid’s production capabilities, including a new facility in the Middle East, reflects the company’s efforts to meet regional demand.
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