CEO promotes upcoming Gravity SUV, aims to outperform Tesla, target mass production

From Nasdaq: 2024-08-21 13:28:33

Luxury EV maker Lucid Group’s shares surged 8% as CEO Peter Rawlinson promotes upcoming Gravity SUV. Rawlinson hints at outperforming Tesla with efficient Air sedan and 440-mile range Gravity. Lucid aims for mass production with a sub-$80,000 SUV to tap into a larger market than luxury sedans.

Rawlinson defends EVs over hybrids, cites temporary slowdown in sales. Company set to start Gravity production in 2025, eyeing market reception. Investors should monitor product launch closely. Stock Advisor report excludes Lucid from top 10 stocks, pointing to potential high returns for selected picks.

Lucid’s CEO works on building anticipation for Gravity release as essential for company’s success. Stock Advisor encourages research before investing in Lucid Group. Past picks like Nvidia have shown impressive returns over time, outperforming S&P 500. Recommendations include regular updates and new stock picks to aid investors.



Read more at Nasdaq: Why Lucid Motors Stock Accelerated Today