08-07-2025
Why Lucid Group Stock Is Soaring Today
Lucid's Grand Touring Air sedan set a Guinness World Record by driving 1,205 km on a single charge, beating the previous record by 160 km.
Lucid reported record vehicle deliveries in Q2, growing 38% year over year on the back of new Gravity SUV sales.
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Shares of Lucid Group (NASDAQ: LCID) are climbing on Tuesday. The luxury electric vehicle maker's stock gained 10.4% as of 1:52 p.m. ET. The rise comes as the S&P 500 (SNPINDEX: ^GSPC) and Nasdaq Composite (NASDAQINDEX: ^IXIC) were relatively flat.
Lucid announced that its Grand Touring Air sedan just set a Guinness World Record for the longest drive on a single charge.
Lucid announced today that its premium Grand Touring Air drove 1,205 km on a single charge, besting the previous record by a full 160 km. The win helps reinforce the company's superior battery and drivetrain technology that make it incredibly efficient. EV range is one of the top factors in the average consumer's decision of whether to buy an EV.
This comes on the heels of Lucid's production and delivery report for Q2 2025. The company produced a record 3,863 vehicles and delivered a record 3,309 vehicles, up 38% year over year (YOY). The surge in production and sales is being driven by the company's new Gravity SUV, which is already proving much more popular than the Air sedan.
While Gravity sales have been encouraging, they are still lagging behind targets set by the company. The rollout of its Gravity SUVs is a make-or-break moment for the struggling company, but I have serious doubts they will be enough and that Lucid can execute a turnaround, especially as the broader EV market softens.
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Johnny Rice 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.
Why Lucid Group Stock Is Soaring Today was originally published by The Motley Fool
