Lucid Group, Inc. LCID unveils the Lucid Gravity X, an electric exploration concept with impressive features like up to 450 miles of range, all-wheel drive, and quick acceleration. The Gravity X offers a rugged design, higher ground clearance, off-road enhancements, and luxury interior upgrades, catering to adventure-seeking EV buyers.

Rivian Automotive, Inc. RIVN introduces the R1S, a versatile electric SUV for everyday and off-road use. The R1S supports Level 3 semi-autonomous driving, seats seven, and offers up to 316 miles of range with a quad-motor setup. Customer deliveries began in 2022 after a decade of development, positioning Rivian as a strong player in the EV market.

Lucid Group, Inc. LCID faces a challenging year with underperformance in the Automotive-Domestic industry and Tesla, Inc. TSLA. The company’s valuation appears overvalued compared to industry peers, with a higher forward sales multiple. Analysts predict wider bottom-line losses for 2025 and 2026, raising concerns about Lucid’s financial outlook.

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Read more at Nasdaq: Will the Gravity X Give Lucid an Edge Over Its Competitors?