From Yahoo Finance: 2025-04-16 16:06:00

Luxury electric vehicle maker Lucid Group launched its Gravity SUV last year and began accepting registrations. The company introduced the 2026 Grand Touring edition, with plans to launch a midsize SUV next year. Despite positive news, Lucid stock dropped 5% today, down 25% year to date. Prices for the Gravity SUV start at $94,900.

Lucid is diversifying its product lineup with the Gravity SUV, offering a lower-priced version starting at under $80,000 later this year. Plans to launch a new, lower-priced midsize SUV next year are on track. The company aims to appeal to a broader market of consumers with a starting price of $50,000. Lucid addressed tariff concerns by securing domestic production agreements.

Despite positive news from Lucid, the stock plunged today as investors sold off technology stocks due to tariff fears. The Nasdaq Composite closed down 3%, dropping 20% below its record high. While Lucid plans for future growth, the stock may continue to face volatility alongside tech stocks.

Investors should consider the latest recommendations from the Motley Fool Stock Advisor team, which did not include Lucid Group in their top 10. The team identified 10 stocks with potential for significant returns. Past recommendations, like Netflix and Nvidia, have shown impressive returns. Don’t miss out on the next top 10 list for potential investment opportunities.

Read more: Why Lucid Motors Stock Sank Today