Lucid (LCID 4.53%) stock climbed in Thursday’s trading. The electric vehicle (EV) company’s share price ended the daily session up 4.5% and had been up as much as 7% earlier in the day’s trading.
Lucid stock gained ground today thanks to strong early reviews for the company’s Gravity SUV. The vehicle is the first SUV made by the luxury EV company. Gravity’s Grand Touring models start at $94,900, and Lucid plans to roll out a lower-cost model next year.
Lucid stock gets a lift from Gravity reviews
Lucid announced last week that production on the Gravity SUV had started at its manufacturing plant in Arizona. This Tuesday, the company announced that the environmental protection agency (EPA) had finalized certification that the vehicle has a range of 450 miles on a full charge. Now, the company has gotten its vehicle into the hands of automotive reviewers — and early results are largely positive.
Today, InsideEV published an early recap of its trial of the Gravity last week. While the reviewer noted that his time with the vehicle was relatively short, he said that his first impressions were positive and that the vehicle “is fun to drive, pleasant to spend time in and has extremely impressive specs across the board.”
Meanwhile, outlets including MotorTrend, Car and Driver, and Edmunds published preliminary reviews of the Gravity on Tuesday. MotorTrend said that the Gravity marked a significant departure from Lucid’s Air sedan and delivered the company’s hallmarks of range, design, and performance. Meanwhile, Car and Driver indicated that the SUV delivered some significant improvements compared to the company’s sedan, and Edmunds said that the vehicle set a new benchmark for electric SUVs.
What’s next for Lucid?
As the company’s first foray into the electric SUV space, Gravity is an important release for Lucid. While the company’s Air sedans have generally received high marks from drivers and review outlets, adoption for the vehicles has been relatively low.
The EV specialist sold 2,781 vehicles in this year’s third quarter, which was up roughly 90% year over year. But the sales performance was aided by price cuts and still looks small compared to numbers put up by other players in the EV space. Meanwhile, the business posted a net loss of roughly $992.5 million in the quarter.
Lucid’s long-term success hinges on ramping up demand and production to the point where manufacturing cost per unit is brought down enough to make vehicle sales profitable. The company has a long way to go on that front, but the Gravity stands a good chance of outselling the Air and helping the business significantly expand its sales base.
Keith Noonan has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
Lucid (LCID 4.53%) stock climbed in Thursday’s trading. The electric vehicle (EV) company’s share price ended the daily session up 4.5% and had been up as much as 7% earlier in the day’s trading.
Lucid stock gained ground today thanks to strong early reviews for the company’s Gravity SUV. The vehicle is the first SUV made by the luxury EV company. Gravity’s Grand Touring models start at $94,900, and Lucid plans to roll out a lower-cost model next year.
Lucid stock gets a lift from Gravity reviews
Lucid announced last week that production on the Gravity SUV had started at its manufacturing plant in Arizona. This Tuesday, the company announced that the environmental protection agency (EPA) had finalized certification that the vehicle has a range of 450 miles on a full charge. Now, the company has gotten its vehicle into the hands of automotive reviewers — and early results are largely positive.
Today, InsideEV published an early recap of its trial of the Gravity last week. While the reviewer noted that his time with the vehicle was relatively short, he said that his first impressions were positive and that the vehicle “is fun to drive, pleasant to spend time in and has extremely impressive specs across the board.”
Meanwhile, outlets including MotorTrend, Car and Driver, and Edmunds published preliminary reviews of the Gravity on Tuesday. MotorTrend said that the Gravity marked a significant departure from Lucid’s Air sedan and delivered the company’s hallmarks of range, design, and performance. Meanwhile, Car and Driver indicated that the SUV delivered some significant improvements compared to the company’s sedan, and Edmunds said that the vehicle set a new benchmark for electric SUVs.
What’s next for Lucid?
As the company’s first foray into the electric SUV space, Gravity is an important release for Lucid. While the company’s Air sedans have generally received high marks from drivers and review outlets, adoption for the vehicles has been relatively low.
The EV specialist sold 2,781 vehicles in this year’s third quarter, which was up roughly 90% year over year. But the sales performance was aided by price cuts and still looks small compared to numbers put up by other players in the EV space. Meanwhile, the business posted a net loss of roughly $992.5 million in the quarter.
Lucid’s long-term success hinges on ramping up demand and production to the point where manufacturing cost per unit is brought down enough to make vehicle sales profitable. The company has a long way to go on that front, but the Gravity stands a good chance of outselling the Air and helping the business significantly expand its sales base.
Keith Noonan has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
Lucid (LCID 4.53%) stock climbed in Thursday’s trading. The electric vehicle (EV) company’s share price ended the daily session up 4.5% and had been up as much as 7% earlier in the day’s trading.
Lucid stock gained ground today thanks to strong early reviews for the company’s Gravity SUV. The vehicle is the first SUV made by the luxury EV company. Gravity’s Grand Touring models start at $94,900, and Lucid plans to roll out a lower-cost model next year.
Lucid stock gets a lift from Gravity reviews
Lucid announced last week that production on the Gravity SUV had started at its manufacturing plant in Arizona. This Tuesday, the company announced that the environmental protection agency (EPA) had finalized certification that the vehicle has a range of 450 miles on a full charge. Now, the company has gotten its vehicle into the hands of automotive reviewers — and early results are largely positive.
Today, InsideEV published an early recap of its trial of the Gravity last week. While the reviewer noted that his time with the vehicle was relatively short, he said that his first impressions were positive and that the vehicle “is fun to drive, pleasant to spend time in and has extremely impressive specs across the board.”
Meanwhile, outlets including MotorTrend, Car and Driver, and Edmunds published preliminary reviews of the Gravity on Tuesday. MotorTrend said that the Gravity marked a significant departure from Lucid’s Air sedan and delivered the company’s hallmarks of range, design, and performance. Meanwhile, Car and Driver indicated that the SUV delivered some significant improvements compared to the company’s sedan, and Edmunds said that the vehicle set a new benchmark for electric SUVs.
What’s next for Lucid?
As the company’s first foray into the electric SUV space, Gravity is an important release for Lucid. While the company’s Air sedans have generally received high marks from drivers and review outlets, adoption for the vehicles has been relatively low.
The EV specialist sold 2,781 vehicles in this year’s third quarter, which was up roughly 90% year over year. But the sales performance was aided by price cuts and still looks small compared to numbers put up by other players in the EV space. Meanwhile, the business posted a net loss of roughly $992.5 million in the quarter.
Lucid’s long-term success hinges on ramping up demand and production to the point where manufacturing cost per unit is brought down enough to make vehicle sales profitable. The company has a long way to go on that front, but the Gravity stands a good chance of outselling the Air and helping the business significantly expand its sales base.
Keith Noonan has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
Lucid (LCID 4.53%) stock climbed in Thursday’s trading. The electric vehicle (EV) company’s share price ended the daily session up 4.5% and had been up as much as 7% earlier in the day’s trading.
Lucid stock gained ground today thanks to strong early reviews for the company’s Gravity SUV. The vehicle is the first SUV made by the luxury EV company. Gravity’s Grand Touring models start at $94,900, and Lucid plans to roll out a lower-cost model next year.
Lucid stock gets a lift from Gravity reviews
Lucid announced last week that production on the Gravity SUV had started at its manufacturing plant in Arizona. This Tuesday, the company announced that the environmental protection agency (EPA) had finalized certification that the vehicle has a range of 450 miles on a full charge. Now, the company has gotten its vehicle into the hands of automotive reviewers — and early results are largely positive.
Today, InsideEV published an early recap of its trial of the Gravity last week. While the reviewer noted that his time with the vehicle was relatively short, he said that his first impressions were positive and that the vehicle “is fun to drive, pleasant to spend time in and has extremely impressive specs across the board.”
Meanwhile, outlets including MotorTrend, Car and Driver, and Edmunds published preliminary reviews of the Gravity on Tuesday. MotorTrend said that the Gravity marked a significant departure from Lucid’s Air sedan and delivered the company’s hallmarks of range, design, and performance. Meanwhile, Car and Driver indicated that the SUV delivered some significant improvements compared to the company’s sedan, and Edmunds said that the vehicle set a new benchmark for electric SUVs.
What’s next for Lucid?
As the company’s first foray into the electric SUV space, Gravity is an important release for Lucid. While the company’s Air sedans have generally received high marks from drivers and review outlets, adoption for the vehicles has been relatively low.
The EV specialist sold 2,781 vehicles in this year’s third quarter, which was up roughly 90% year over year. But the sales performance was aided by price cuts and still looks small compared to numbers put up by other players in the EV space. Meanwhile, the business posted a net loss of roughly $992.5 million in the quarter.
Lucid’s long-term success hinges on ramping up demand and production to the point where manufacturing cost per unit is brought down enough to make vehicle sales profitable. The company has a long way to go on that front, but the Gravity stands a good chance of outselling the Air and helping the business significantly expand its sales base.
Keith Noonan has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
Lucid (LCID 4.53%) stock climbed in Thursday’s trading. The electric vehicle (EV) company’s share price ended the daily session up 4.5% and had been up as much as 7% earlier in the day’s trading.
Lucid stock gained ground today thanks to strong early reviews for the company’s Gravity SUV. The vehicle is the first SUV made by the luxury EV company. Gravity’s Grand Touring models start at $94,900, and Lucid plans to roll out a lower-cost model next year.
Lucid stock gets a lift from Gravity reviews
Lucid announced last week that production on the Gravity SUV had started at its manufacturing plant in Arizona. This Tuesday, the company announced that the environmental protection agency (EPA) had finalized certification that the vehicle has a range of 450 miles on a full charge. Now, the company has gotten its vehicle into the hands of automotive reviewers — and early results are largely positive.
Today, InsideEV published an early recap of its trial of the Gravity last week. While the reviewer noted that his time with the vehicle was relatively short, he said that his first impressions were positive and that the vehicle “is fun to drive, pleasant to spend time in and has extremely impressive specs across the board.”
Meanwhile, outlets including MotorTrend, Car and Driver, and Edmunds published preliminary reviews of the Gravity on Tuesday. MotorTrend said that the Gravity marked a significant departure from Lucid’s Air sedan and delivered the company’s hallmarks of range, design, and performance. Meanwhile, Car and Driver indicated that the SUV delivered some significant improvements compared to the company’s sedan, and Edmunds said that the vehicle set a new benchmark for electric SUVs.
What’s next for Lucid?
As the company’s first foray into the electric SUV space, Gravity is an important release for Lucid. While the company’s Air sedans have generally received high marks from drivers and review outlets, adoption for the vehicles has been relatively low.
The EV specialist sold 2,781 vehicles in this year’s third quarter, which was up roughly 90% year over year. But the sales performance was aided by price cuts and still looks small compared to numbers put up by other players in the EV space. Meanwhile, the business posted a net loss of roughly $992.5 million in the quarter.
Lucid’s long-term success hinges on ramping up demand and production to the point where manufacturing cost per unit is brought down enough to make vehicle sales profitable. The company has a long way to go on that front, but the Gravity stands a good chance of outselling the Air and helping the business significantly expand its sales base.
Keith Noonan has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
Lucid (LCID 4.53%) stock climbed in Thursday’s trading. The electric vehicle (EV) company’s share price ended the daily session up 4.5% and had been up as much as 7% earlier in the day’s trading.
Lucid stock gained ground today thanks to strong early reviews for the company’s Gravity SUV. The vehicle is the first SUV made by the luxury EV company. Gravity’s Grand Touring models start at $94,900, and Lucid plans to roll out a lower-cost model next year.
Lucid stock gets a lift from Gravity reviews
Lucid announced last week that production on the Gravity SUV had started at its manufacturing plant in Arizona. This Tuesday, the company announced that the environmental protection agency (EPA) had finalized certification that the vehicle has a range of 450 miles on a full charge. Now, the company has gotten its vehicle into the hands of automotive reviewers — and early results are largely positive.
Today, InsideEV published an early recap of its trial of the Gravity last week. While the reviewer noted that his time with the vehicle was relatively short, he said that his first impressions were positive and that the vehicle “is fun to drive, pleasant to spend time in and has extremely impressive specs across the board.”
Meanwhile, outlets including MotorTrend, Car and Driver, and Edmunds published preliminary reviews of the Gravity on Tuesday. MotorTrend said that the Gravity marked a significant departure from Lucid’s Air sedan and delivered the company’s hallmarks of range, design, and performance. Meanwhile, Car and Driver indicated that the SUV delivered some significant improvements compared to the company’s sedan, and Edmunds said that the vehicle set a new benchmark for electric SUVs.
What’s next for Lucid?
As the company’s first foray into the electric SUV space, Gravity is an important release for Lucid. While the company’s Air sedans have generally received high marks from drivers and review outlets, adoption for the vehicles has been relatively low.
The EV specialist sold 2,781 vehicles in this year’s third quarter, which was up roughly 90% year over year. But the sales performance was aided by price cuts and still looks small compared to numbers put up by other players in the EV space. Meanwhile, the business posted a net loss of roughly $992.5 million in the quarter.
Lucid’s long-term success hinges on ramping up demand and production to the point where manufacturing cost per unit is brought down enough to make vehicle sales profitable. The company has a long way to go on that front, but the Gravity stands a good chance of outselling the Air and helping the business significantly expand its sales base.
Keith Noonan has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
Lucid (LCID 4.53%) stock climbed in Thursday’s trading. The electric vehicle (EV) company’s share price ended the daily session up 4.5% and had been up as much as 7% earlier in the day’s trading.
Lucid stock gained ground today thanks to strong early reviews for the company’s Gravity SUV. The vehicle is the first SUV made by the luxury EV company. Gravity’s Grand Touring models start at $94,900, and Lucid plans to roll out a lower-cost model next year.
Lucid stock gets a lift from Gravity reviews
Lucid announced last week that production on the Gravity SUV had started at its manufacturing plant in Arizona. This Tuesday, the company announced that the environmental protection agency (EPA) had finalized certification that the vehicle has a range of 450 miles on a full charge. Now, the company has gotten its vehicle into the hands of automotive reviewers — and early results are largely positive.
Today, InsideEV published an early recap of its trial of the Gravity last week. While the reviewer noted that his time with the vehicle was relatively short, he said that his first impressions were positive and that the vehicle “is fun to drive, pleasant to spend time in and has extremely impressive specs across the board.”
Meanwhile, outlets including MotorTrend, Car and Driver, and Edmunds published preliminary reviews of the Gravity on Tuesday. MotorTrend said that the Gravity marked a significant departure from Lucid’s Air sedan and delivered the company’s hallmarks of range, design, and performance. Meanwhile, Car and Driver indicated that the SUV delivered some significant improvements compared to the company’s sedan, and Edmunds said that the vehicle set a new benchmark for electric SUVs.
What’s next for Lucid?
As the company’s first foray into the electric SUV space, Gravity is an important release for Lucid. While the company’s Air sedans have generally received high marks from drivers and review outlets, adoption for the vehicles has been relatively low.
The EV specialist sold 2,781 vehicles in this year’s third quarter, which was up roughly 90% year over year. But the sales performance was aided by price cuts and still looks small compared to numbers put up by other players in the EV space. Meanwhile, the business posted a net loss of roughly $992.5 million in the quarter.
Lucid’s long-term success hinges on ramping up demand and production to the point where manufacturing cost per unit is brought down enough to make vehicle sales profitable. The company has a long way to go on that front, but the Gravity stands a good chance of outselling the Air and helping the business significantly expand its sales base.
Keith Noonan has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
Lucid (LCID 4.53%) stock climbed in Thursday’s trading. The electric vehicle (EV) company’s share price ended the daily session up 4.5% and had been up as much as 7% earlier in the day’s trading.
Lucid stock gained ground today thanks to strong early reviews for the company’s Gravity SUV. The vehicle is the first SUV made by the luxury EV company. Gravity’s Grand Touring models start at $94,900, and Lucid plans to roll out a lower-cost model next year.
Lucid stock gets a lift from Gravity reviews
Lucid announced last week that production on the Gravity SUV had started at its manufacturing plant in Arizona. This Tuesday, the company announced that the environmental protection agency (EPA) had finalized certification that the vehicle has a range of 450 miles on a full charge. Now, the company has gotten its vehicle into the hands of automotive reviewers — and early results are largely positive.
Today, InsideEV published an early recap of its trial of the Gravity last week. While the reviewer noted that his time with the vehicle was relatively short, he said that his first impressions were positive and that the vehicle “is fun to drive, pleasant to spend time in and has extremely impressive specs across the board.”
Meanwhile, outlets including MotorTrend, Car and Driver, and Edmunds published preliminary reviews of the Gravity on Tuesday. MotorTrend said that the Gravity marked a significant departure from Lucid’s Air sedan and delivered the company’s hallmarks of range, design, and performance. Meanwhile, Car and Driver indicated that the SUV delivered some significant improvements compared to the company’s sedan, and Edmunds said that the vehicle set a new benchmark for electric SUVs.
What’s next for Lucid?
As the company’s first foray into the electric SUV space, Gravity is an important release for Lucid. While the company’s Air sedans have generally received high marks from drivers and review outlets, adoption for the vehicles has been relatively low.
The EV specialist sold 2,781 vehicles in this year’s third quarter, which was up roughly 90% year over year. But the sales performance was aided by price cuts and still looks small compared to numbers put up by other players in the EV space. Meanwhile, the business posted a net loss of roughly $992.5 million in the quarter.
Lucid’s long-term success hinges on ramping up demand and production to the point where manufacturing cost per unit is brought down enough to make vehicle sales profitable. The company has a long way to go on that front, but the Gravity stands a good chance of outselling the Air and helping the business significantly expand its sales base.
Keith Noonan has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
Lucid (LCID 4.53%) stock climbed in Thursday’s trading. The electric vehicle (EV) company’s share price ended the daily session up 4.5% and had been up as much as 7% earlier in the day’s trading.
Lucid stock gained ground today thanks to strong early reviews for the company’s Gravity SUV. The vehicle is the first SUV made by the luxury EV company. Gravity’s Grand Touring models start at $94,900, and Lucid plans to roll out a lower-cost model next year.
Lucid stock gets a lift from Gravity reviews
Lucid announced last week that production on the Gravity SUV had started at its manufacturing plant in Arizona. This Tuesday, the company announced that the environmental protection agency (EPA) had finalized certification that the vehicle has a range of 450 miles on a full charge. Now, the company has gotten its vehicle into the hands of automotive reviewers — and early results are largely positive.
Today, InsideEV published an early recap of its trial of the Gravity last week. While the reviewer noted that his time with the vehicle was relatively short, he said that his first impressions were positive and that the vehicle “is fun to drive, pleasant to spend time in and has extremely impressive specs across the board.”
Meanwhile, outlets including MotorTrend, Car and Driver, and Edmunds published preliminary reviews of the Gravity on Tuesday. MotorTrend said that the Gravity marked a significant departure from Lucid’s Air sedan and delivered the company’s hallmarks of range, design, and performance. Meanwhile, Car and Driver indicated that the SUV delivered some significant improvements compared to the company’s sedan, and Edmunds said that the vehicle set a new benchmark for electric SUVs.
What’s next for Lucid?
As the company’s first foray into the electric SUV space, Gravity is an important release for Lucid. While the company’s Air sedans have generally received high marks from drivers and review outlets, adoption for the vehicles has been relatively low.
The EV specialist sold 2,781 vehicles in this year’s third quarter, which was up roughly 90% year over year. But the sales performance was aided by price cuts and still looks small compared to numbers put up by other players in the EV space. Meanwhile, the business posted a net loss of roughly $992.5 million in the quarter.
Lucid’s long-term success hinges on ramping up demand and production to the point where manufacturing cost per unit is brought down enough to make vehicle sales profitable. The company has a long way to go on that front, but the Gravity stands a good chance of outselling the Air and helping the business significantly expand its sales base.
Keith Noonan has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
Lucid (LCID 4.53%) stock climbed in Thursday’s trading. The electric vehicle (EV) company’s share price ended the daily session up 4.5% and had been up as much as 7% earlier in the day’s trading.
Lucid stock gained ground today thanks to strong early reviews for the company’s Gravity SUV. The vehicle is the first SUV made by the luxury EV company. Gravity’s Grand Touring models start at $94,900, and Lucid plans to roll out a lower-cost model next year.
Lucid stock gets a lift from Gravity reviews
Lucid announced last week that production on the Gravity SUV had started at its manufacturing plant in Arizona. This Tuesday, the company announced that the environmental protection agency (EPA) had finalized certification that the vehicle has a range of 450 miles on a full charge. Now, the company has gotten its vehicle into the hands of automotive reviewers — and early results are largely positive.
Today, InsideEV published an early recap of its trial of the Gravity last week. While the reviewer noted that his time with the vehicle was relatively short, he said that his first impressions were positive and that the vehicle “is fun to drive, pleasant to spend time in and has extremely impressive specs across the board.”
Meanwhile, outlets including MotorTrend, Car and Driver, and Edmunds published preliminary reviews of the Gravity on Tuesday. MotorTrend said that the Gravity marked a significant departure from Lucid’s Air sedan and delivered the company’s hallmarks of range, design, and performance. Meanwhile, Car and Driver indicated that the SUV delivered some significant improvements compared to the company’s sedan, and Edmunds said that the vehicle set a new benchmark for electric SUVs.
What’s next for Lucid?
As the company’s first foray into the electric SUV space, Gravity is an important release for Lucid. While the company’s Air sedans have generally received high marks from drivers and review outlets, adoption for the vehicles has been relatively low.
The EV specialist sold 2,781 vehicles in this year’s third quarter, which was up roughly 90% year over year. But the sales performance was aided by price cuts and still looks small compared to numbers put up by other players in the EV space. Meanwhile, the business posted a net loss of roughly $992.5 million in the quarter.
Lucid’s long-term success hinges on ramping up demand and production to the point where manufacturing cost per unit is brought down enough to make vehicle sales profitable. The company has a long way to go on that front, but the Gravity stands a good chance of outselling the Air and helping the business significantly expand its sales base.
Keith Noonan has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
Lucid (LCID 4.53%) stock climbed in Thursday’s trading. The electric vehicle (EV) company’s share price ended the daily session up 4.5% and had been up as much as 7% earlier in the day’s trading.
Lucid stock gained ground today thanks to strong early reviews for the company’s Gravity SUV. The vehicle is the first SUV made by the luxury EV company. Gravity’s Grand Touring models start at $94,900, and Lucid plans to roll out a lower-cost model next year.
Lucid stock gets a lift from Gravity reviews
Lucid announced last week that production on the Gravity SUV had started at its manufacturing plant in Arizona. This Tuesday, the company announced that the environmental protection agency (EPA) had finalized certification that the vehicle has a range of 450 miles on a full charge. Now, the company has gotten its vehicle into the hands of automotive reviewers — and early results are largely positive.
Today, InsideEV published an early recap of its trial of the Gravity last week. While the reviewer noted that his time with the vehicle was relatively short, he said that his first impressions were positive and that the vehicle “is fun to drive, pleasant to spend time in and has extremely impressive specs across the board.”
Meanwhile, outlets including MotorTrend, Car and Driver, and Edmunds published preliminary reviews of the Gravity on Tuesday. MotorTrend said that the Gravity marked a significant departure from Lucid’s Air sedan and delivered the company’s hallmarks of range, design, and performance. Meanwhile, Car and Driver indicated that the SUV delivered some significant improvements compared to the company’s sedan, and Edmunds said that the vehicle set a new benchmark for electric SUVs.
What’s next for Lucid?
As the company’s first foray into the electric SUV space, Gravity is an important release for Lucid. While the company’s Air sedans have generally received high marks from drivers and review outlets, adoption for the vehicles has been relatively low.
The EV specialist sold 2,781 vehicles in this year’s third quarter, which was up roughly 90% year over year. But the sales performance was aided by price cuts and still looks small compared to numbers put up by other players in the EV space. Meanwhile, the business posted a net loss of roughly $992.5 million in the quarter.
Lucid’s long-term success hinges on ramping up demand and production to the point where manufacturing cost per unit is brought down enough to make vehicle sales profitable. The company has a long way to go on that front, but the Gravity stands a good chance of outselling the Air and helping the business significantly expand its sales base.
Keith Noonan has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
Lucid (LCID 4.53%) stock climbed in Thursday’s trading. The electric vehicle (EV) company’s share price ended the daily session up 4.5% and had been up as much as 7% earlier in the day’s trading.
Lucid stock gained ground today thanks to strong early reviews for the company’s Gravity SUV. The vehicle is the first SUV made by the luxury EV company. Gravity’s Grand Touring models start at $94,900, and Lucid plans to roll out a lower-cost model next year.
Lucid stock gets a lift from Gravity reviews
Lucid announced last week that production on the Gravity SUV had started at its manufacturing plant in Arizona. This Tuesday, the company announced that the environmental protection agency (EPA) had finalized certification that the vehicle has a range of 450 miles on a full charge. Now, the company has gotten its vehicle into the hands of automotive reviewers — and early results are largely positive.
Today, InsideEV published an early recap of its trial of the Gravity last week. While the reviewer noted that his time with the vehicle was relatively short, he said that his first impressions were positive and that the vehicle “is fun to drive, pleasant to spend time in and has extremely impressive specs across the board.”
Meanwhile, outlets including MotorTrend, Car and Driver, and Edmunds published preliminary reviews of the Gravity on Tuesday. MotorTrend said that the Gravity marked a significant departure from Lucid’s Air sedan and delivered the company’s hallmarks of range, design, and performance. Meanwhile, Car and Driver indicated that the SUV delivered some significant improvements compared to the company’s sedan, and Edmunds said that the vehicle set a new benchmark for electric SUVs.
What’s next for Lucid?
As the company’s first foray into the electric SUV space, Gravity is an important release for Lucid. While the company’s Air sedans have generally received high marks from drivers and review outlets, adoption for the vehicles has been relatively low.
The EV specialist sold 2,781 vehicles in this year’s third quarter, which was up roughly 90% year over year. But the sales performance was aided by price cuts and still looks small compared to numbers put up by other players in the EV space. Meanwhile, the business posted a net loss of roughly $992.5 million in the quarter.
Lucid’s long-term success hinges on ramping up demand and production to the point where manufacturing cost per unit is brought down enough to make vehicle sales profitable. The company has a long way to go on that front, but the Gravity stands a good chance of outselling the Air and helping the business significantly expand its sales base.
Keith Noonan has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
Lucid (LCID 4.53%) stock climbed in Thursday’s trading. The electric vehicle (EV) company’s share price ended the daily session up 4.5% and had been up as much as 7% earlier in the day’s trading.
Lucid stock gained ground today thanks to strong early reviews for the company’s Gravity SUV. The vehicle is the first SUV made by the luxury EV company. Gravity’s Grand Touring models start at $94,900, and Lucid plans to roll out a lower-cost model next year.
Lucid stock gets a lift from Gravity reviews
Lucid announced last week that production on the Gravity SUV had started at its manufacturing plant in Arizona. This Tuesday, the company announced that the environmental protection agency (EPA) had finalized certification that the vehicle has a range of 450 miles on a full charge. Now, the company has gotten its vehicle into the hands of automotive reviewers — and early results are largely positive.
Today, InsideEV published an early recap of its trial of the Gravity last week. While the reviewer noted that his time with the vehicle was relatively short, he said that his first impressions were positive and that the vehicle “is fun to drive, pleasant to spend time in and has extremely impressive specs across the board.”
Meanwhile, outlets including MotorTrend, Car and Driver, and Edmunds published preliminary reviews of the Gravity on Tuesday. MotorTrend said that the Gravity marked a significant departure from Lucid’s Air sedan and delivered the company’s hallmarks of range, design, and performance. Meanwhile, Car and Driver indicated that the SUV delivered some significant improvements compared to the company’s sedan, and Edmunds said that the vehicle set a new benchmark for electric SUVs.
What’s next for Lucid?
As the company’s first foray into the electric SUV space, Gravity is an important release for Lucid. While the company’s Air sedans have generally received high marks from drivers and review outlets, adoption for the vehicles has been relatively low.
The EV specialist sold 2,781 vehicles in this year’s third quarter, which was up roughly 90% year over year. But the sales performance was aided by price cuts and still looks small compared to numbers put up by other players in the EV space. Meanwhile, the business posted a net loss of roughly $992.5 million in the quarter.
Lucid’s long-term success hinges on ramping up demand and production to the point where manufacturing cost per unit is brought down enough to make vehicle sales profitable. The company has a long way to go on that front, but the Gravity stands a good chance of outselling the Air and helping the business significantly expand its sales base.
Keith Noonan has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
Lucid (LCID 4.53%) stock climbed in Thursday’s trading. The electric vehicle (EV) company’s share price ended the daily session up 4.5% and had been up as much as 7% earlier in the day’s trading.
Lucid stock gained ground today thanks to strong early reviews for the company’s Gravity SUV. The vehicle is the first SUV made by the luxury EV company. Gravity’s Grand Touring models start at $94,900, and Lucid plans to roll out a lower-cost model next year.
Lucid stock gets a lift from Gravity reviews
Lucid announced last week that production on the Gravity SUV had started at its manufacturing plant in Arizona. This Tuesday, the company announced that the environmental protection agency (EPA) had finalized certification that the vehicle has a range of 450 miles on a full charge. Now, the company has gotten its vehicle into the hands of automotive reviewers — and early results are largely positive.
Today, InsideEV published an early recap of its trial of the Gravity last week. While the reviewer noted that his time with the vehicle was relatively short, he said that his first impressions were positive and that the vehicle “is fun to drive, pleasant to spend time in and has extremely impressive specs across the board.”
Meanwhile, outlets including MotorTrend, Car and Driver, and Edmunds published preliminary reviews of the Gravity on Tuesday. MotorTrend said that the Gravity marked a significant departure from Lucid’s Air sedan and delivered the company’s hallmarks of range, design, and performance. Meanwhile, Car and Driver indicated that the SUV delivered some significant improvements compared to the company’s sedan, and Edmunds said that the vehicle set a new benchmark for electric SUVs.
What’s next for Lucid?
As the company’s first foray into the electric SUV space, Gravity is an important release for Lucid. While the company’s Air sedans have generally received high marks from drivers and review outlets, adoption for the vehicles has been relatively low.
The EV specialist sold 2,781 vehicles in this year’s third quarter, which was up roughly 90% year over year. But the sales performance was aided by price cuts and still looks small compared to numbers put up by other players in the EV space. Meanwhile, the business posted a net loss of roughly $992.5 million in the quarter.
Lucid’s long-term success hinges on ramping up demand and production to the point where manufacturing cost per unit is brought down enough to make vehicle sales profitable. The company has a long way to go on that front, but the Gravity stands a good chance of outselling the Air and helping the business significantly expand its sales base.
Keith Noonan has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
Lucid (LCID 4.53%) stock climbed in Thursday’s trading. The electric vehicle (EV) company’s share price ended the daily session up 4.5% and had been up as much as 7% earlier in the day’s trading.
Lucid stock gained ground today thanks to strong early reviews for the company’s Gravity SUV. The vehicle is the first SUV made by the luxury EV company. Gravity’s Grand Touring models start at $94,900, and Lucid plans to roll out a lower-cost model next year.
Lucid stock gets a lift from Gravity reviews
Lucid announced last week that production on the Gravity SUV had started at its manufacturing plant in Arizona. This Tuesday, the company announced that the environmental protection agency (EPA) had finalized certification that the vehicle has a range of 450 miles on a full charge. Now, the company has gotten its vehicle into the hands of automotive reviewers — and early results are largely positive.
Today, InsideEV published an early recap of its trial of the Gravity last week. While the reviewer noted that his time with the vehicle was relatively short, he said that his first impressions were positive and that the vehicle “is fun to drive, pleasant to spend time in and has extremely impressive specs across the board.”
Meanwhile, outlets including MotorTrend, Car and Driver, and Edmunds published preliminary reviews of the Gravity on Tuesday. MotorTrend said that the Gravity marked a significant departure from Lucid’s Air sedan and delivered the company’s hallmarks of range, design, and performance. Meanwhile, Car and Driver indicated that the SUV delivered some significant improvements compared to the company’s sedan, and Edmunds said that the vehicle set a new benchmark for electric SUVs.
What’s next for Lucid?
As the company’s first foray into the electric SUV space, Gravity is an important release for Lucid. While the company’s Air sedans have generally received high marks from drivers and review outlets, adoption for the vehicles has been relatively low.
The EV specialist sold 2,781 vehicles in this year’s third quarter, which was up roughly 90% year over year. But the sales performance was aided by price cuts and still looks small compared to numbers put up by other players in the EV space. Meanwhile, the business posted a net loss of roughly $992.5 million in the quarter.
Lucid’s long-term success hinges on ramping up demand and production to the point where manufacturing cost per unit is brought down enough to make vehicle sales profitable. The company has a long way to go on that front, but the Gravity stands a good chance of outselling the Air and helping the business significantly expand its sales base.
Keith Noonan has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
Lucid (LCID 4.53%) stock climbed in Thursday’s trading. The electric vehicle (EV) company’s share price ended the daily session up 4.5% and had been up as much as 7% earlier in the day’s trading.
Lucid stock gained ground today thanks to strong early reviews for the company’s Gravity SUV. The vehicle is the first SUV made by the luxury EV company. Gravity’s Grand Touring models start at $94,900, and Lucid plans to roll out a lower-cost model next year.
Lucid stock gets a lift from Gravity reviews
Lucid announced last week that production on the Gravity SUV had started at its manufacturing plant in Arizona. This Tuesday, the company announced that the environmental protection agency (EPA) had finalized certification that the vehicle has a range of 450 miles on a full charge. Now, the company has gotten its vehicle into the hands of automotive reviewers — and early results are largely positive.
Today, InsideEV published an early recap of its trial of the Gravity last week. While the reviewer noted that his time with the vehicle was relatively short, he said that his first impressions were positive and that the vehicle “is fun to drive, pleasant to spend time in and has extremely impressive specs across the board.”
Meanwhile, outlets including MotorTrend, Car and Driver, and Edmunds published preliminary reviews of the Gravity on Tuesday. MotorTrend said that the Gravity marked a significant departure from Lucid’s Air sedan and delivered the company’s hallmarks of range, design, and performance. Meanwhile, Car and Driver indicated that the SUV delivered some significant improvements compared to the company’s sedan, and Edmunds said that the vehicle set a new benchmark for electric SUVs.
What’s next for Lucid?
As the company’s first foray into the electric SUV space, Gravity is an important release for Lucid. While the company’s Air sedans have generally received high marks from drivers and review outlets, adoption for the vehicles has been relatively low.
The EV specialist sold 2,781 vehicles in this year’s third quarter, which was up roughly 90% year over year. But the sales performance was aided by price cuts and still looks small compared to numbers put up by other players in the EV space. Meanwhile, the business posted a net loss of roughly $992.5 million in the quarter.
Lucid’s long-term success hinges on ramping up demand and production to the point where manufacturing cost per unit is brought down enough to make vehicle sales profitable. The company has a long way to go on that front, but the Gravity stands a good chance of outselling the Air and helping the business significantly expand its sales base.
Keith Noonan has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
