Lucid to unveil new concept vehicle at Monterey Car Week

NEWARK, Calif. - Lucid Group, Inc. (NASDAQ:LCID), currently trading at $2.19 and maintaining a strong balance sheet with more cash than debt according to InvestingPro analysis, will showcase a new concept vehicle based on its Gravity SUV at the 74th Pebble Beach Concours d’Elegance on Sunday, August 17, as part of Monterey Car Week 2025.

The concept will be displayed on the Concept Lawn at the prestigious automotive event, according to a company press release. In addition, Lucid will offer public demonstration drives of both its Air sedan and Gravity SUV models for the first time at Monterey Car Week. With a market capitalization of $6.7 billion and analysts projecting 49% revenue growth for fiscal year 2025, the company continues its expansion efforts despite challenging market conditions.

The company will host a booth at the Pebble Beach Concours Village from Thursday through Sunday, featuring what it describes as immersive experiences highlighting its electric vehicles. Visitors can explore the Lucid Gravity, which the company states offers up to 450 miles of range, 828 horsepower, and acceleration from 0-60 mph in 3.4 seconds.

Demonstration drives will be available Thursday from 10 a.m. to 6 p.m., and Friday through Saturday from 9 a.m. to 6 p.m. Interested attendees can pre-register online or schedule appointments on-site, subject to availability.

The Gravity SUV, which serves as the foundation for the new concept vehicle, features an available three-row configuration with seating for up to seven passengers.

Lucid’s booth will be open to the public from Thursday, August 14, through Sunday, August 17, from 9 a.m. to 6 p.m. daily. For investors seeking deeper insights into Lucid’s financial health and growth prospects, InvestingPro offers comprehensive analysis with 12 additional ProTips and detailed valuation metrics in its Pro Research Report.

In other recent news, Lucid Group Inc. reported second-quarter 2025 earnings with adjusted earnings per share of ($0.28), missing both BofA Securities’ estimate of ($0.18) and Bloomberg consensus of ($0.22). Revenue for the quarter was $259 million, which was below BofA’s projection of $267 million and consensus expectations of $262 million. Despite these results, Benchmark maintained a Buy rating on Lucid, although the company’s revenue fell short of Benchmark’s $300 million forecast. Lucid delivered 3,309 vehicles during the quarter, fewer than Benchmark’s estimate of 3,694 units, and faced a negative gross margin of -105% due to tariff impacts and inventory write-downs.

Stifel reiterated its Hold rating with a $3.00 price target, as Lucid’s revenue of $259.4 million slightly exceeded its estimate of $254.0 million, thanks to higher average selling prices. Cantor Fitzgerald maintained a Neutral rating, noting technical advantages like higher battery efficiency and increased Gravity daily orders. Baird, however, lowered its price target for Lucid to $2.00 from $3.00, citing results that aligned with revenue estimates but fell short on EBITDA and EPS. BofA Securities also maintained its Underperform rating with a $1.00 price target after the weak earnings report.

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