What's Going On With Lucid Stock As It Debuts New 'Lucid Gravity' Electric SUV?
Portfolio Pulse from Erica Kollmann
Lucid Group, Inc. (NASDAQ:LCID) has introduced its new electric SUV, the Lucid Gravity, at the Los Angeles Auto Show. The vehicle is expected to start production in late 2024 with a starting price of $80,000 and a projected driving range of over 440 miles. Lucid's CEO and chief engineer emphasized the vehicle's technology, design, and efficiency. Lucid Group shares are down slightly by 0.25% at $4.22.
November 16, 2023 | 7:25 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Lucid Group introduced the Lucid Gravity electric SUV, with production starting in late 2024 and a starting price of $80,000. Shares are down slightly following the announcement.
The introduction of a new electric SUV model could be positive for Lucid in the long term due to expanding product offerings. However, the slight dip in share price indicates a neutral to mildly negative short-term market reaction, possibly due to the distant production start date or market conditions.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100