Lucid Showcases New Gravity SUV, Teases Affordable Crossover EV

Lucid Group, Inc. LCID showcased its new Gravity electric SUV and shared a glimpse at an upcoming crossover EV at its Technology & Manufacturing Day held at the company’s Arizona factory on Tuesday.

The Details:

The Lucid Gravity SUV will be equipped with a NACS charging connector in 2025, allowing access to 15,000+ Superchargers. The Lucid Gravity is scheduled for start of production later this year.

“Today demonstrates how the Lucid Gravity is set to be the best SUV ever, showcasing its revolutionary package and attributes only made possible with the technologies Lucid has pioneered,” said Peter Rawlinson, CEO and CTO at Lucid. 

What Else:

In addition to the Gravity SUV, Lucid also offered a glimpse at one of the company’s upcoming midsize vehicles. The new crossover EV is scheduled to start production in late 2026 with a starting price under $50,000.

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According to data from Benzinga Pro, Lucid shares are down 10% over the past five days and are trading in line with the stock’s 50-day moving average of $3.42. 

How To Buy LCID Stock:

Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.

For example, in Lucid Group's case, it is in the Consumer Discretionary sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.

Price Action: According to Benzinga Pro, LCID shares are down 0.87% at $3.43 at the time of publication Tuesday.

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Image: Courtesy of Lucid Group, Inc.