Latest news with #LucidMotors
Yahoo
3 hours ago
- Automotive
- Yahoo
The next meme stock? Timothée Chalamet named Lucid's global brand ambassador
American Eagle (AEO) has Sydney Sweeney. And now EV upstart Lucid Motors (LCID) has its own superstar. Lucid Motors announced it has signed a "multi-year partnership" with Oscar-nominated actor and "culture icon" Timothée Chalamet as the company's first-ever global brand ambassador. As part of the deal, Chalamet will star in Lucid's marketing push for the EV maker's upcoming Gravity SUV. Lucid claims the Chalamet tie-up comes as the star was spotted driving a Lucid Air sedan in 2023. "We're excited to welcome Timothée as our first Global Brand Ambassador," Akerho Oghoghomeh, senior vice president of marketing at Lucid, said in a statement. "Together, we'll show what's possible when innovation and cultural relevance come together to move the world forward." Chalamet's stardom has soared in recent years thanks to movies like the "Dune" series, "A Complete Unknown," and "Wonka." Increasingly, however, his off-screen exploits have caught mainstream attention, including his outward New York Knicks fandom, head-to-toe Chrome Hearts outfits, and relationship with fellow celeb (and beauty entrepreneur) Kylie Jenner. Lucid's connection with Chalamet comes on the heels of Sydney Sweeney's deal with American Eagle, the teen brand that has been suffering of late. Sweeney's deal to star in the brand's fall campaign (dubbed "Sydney Sweeney Has Great Jeans") sent social media abuzz and American Eagle stock soaring last Thursday, with shares jumping 20% in pre-market trading before closing up 4.3%. While the Sweeney images and accompanying ad copy caused some controversy, the ensuing coverage coming American Eagle's way is still seen as a positive. American Eagle's CMO likened the Sweeney partnership to the denim brand's "Super Bowl." As for Lucid stock, news of Chalamet's signing hasn't lifted shares higher. Perhaps the "Dune" actor just needs better jeans. Pras Subramanian is the lead auto reporter for Yahoo Finance. You can follow him on X and on Instagram. Sign in to access your portfolio
Al Arabiya
a day ago
- Automotive
- Al Arabiya
Lucid Middle East President on EV goals and shifting market attitudes
In a special episode of The Riyal Deal Plus, Tom Burges Watson discusses the shifting landscape of the electric vehicle industry, with a focus on the sector impact of the Saudi PIF-backed Lucid Motors. It's Middle East President Faisal Sultan dives into the magic formula that's helping the automaker find traction in an over-supplied market, and one increasingly dominated by Chinese manufacturers. In addition to being the first automotive brand with a Saudi Made badge, it is also consistently playing a role in shifting the perception of EVs among motorists – from driving experience and luxury, to range and autonomy. With a national push to improve optimize the supply chain, Sultan also discusses leveraging unique regional resources, including partnerships, to find success in the field.
Forbes
a day ago
- Automotive
- Forbes
Here's An Electric Family SUV That's Faster Than A Corvette Z06
The Lucid Gravity is supercar-fast over the quarter-mile. (Photo by) Startup Lucid's electric family minivan can blow a Chevy Corvette Z06 away in a quarter mile sprint while still offering more room than a Ford Explorer. Could the Lucid Gravity be the family cruiser you've been waiting for? The Gravity is very fast, and boasts range of 450 miles The cabin and exterior of the Gravity are redefining the SUV class. The supercar-equivalent performing Lucid boasts 450 miles of driving range, and lightning-fast charging—200 miles in less than 11 minutes. And its 120 cubic feet of storage space easily surpasses something comparable like the Ford Explorer's 87.8 cubic foot. It's also quick. With up to 845 horsepower, the Grand Touring trim can sprint from 0 to 60 mph in just 3.4 seconds, but the Dream Edition takes things to another dimension. With 1,070 horsepower, the Lucid Gravity Dream Edition is powered by two electric motors and four-wheel-drive to get the power down quicker. To see how the Gravity compared to its rivals, Car and Driver took Lucid's minivan for some quick tests. According to Car and driver, the Lucid outperformed a Chevrolet Corvette Z06 to 150 mph by almost three seconds on the test track, covering the quarter-mile in just 10.6 seconds. The magazine claims the Gravity "was a beast in every acceleration metric," not just in the quarter-mile. It took Lucid's SUV 1.4 seconds to reach 30 mph, 3.7 seconds to reach 70 mph, and 5.9 seconds to reach 100 mph. Boasting a quarter-mile time of 10.6 seconds, Car and Driver said that the Gravity was the quickest SUV they had ever tested over the quarter-mile, outperforming the Rivian Tri-Motor Max (11.1 seconds) and the BMW iX M60 (11.5 seconds). Lucid's SUV took the lead over the quarter-mile, going almost 20 mph quicker, even though the Rivian's 850 horsepower R1S Tri-Motor beat the Gravity to 60 mph. As you'd expect, the Gravity also crushed gas-powered super SUVs like the Porsche Cayenne Turbo GT (11.2 seconds) and Lamborghini Urus Performante (11.2 seconds). They did say however, that the Tesla Model X Plaid, which they have not tested yet, would give the Lucid a real run for its money. In a drag race dubbed the '1000+ hp Mom Missiles,' popular YouTube channel Hagerty paired the Gravity Dream Edition with the Audi RS Q8 Performance, Range Rover Sport SV, Porsche Macan Turbo Electric, Rivian R1S Quad and Porsche Panamera Turbo S E-Hybrid. Not surprisingly, two electric SUVs—namely the Lucid Gravity and the Rivian R1S Quad—ended up in a 10-5 second three-way tie over the quarter-mile with a Porsche Panamera Turbo. If the Gravity is for you and your family, then you can pick one up for as little as $94,900. And if that's a little to rich for you, then wait for the $79,900 Touring grade expected out later this year.
Fox News
4 days ago
- Automotive
- Fox News
Lucid joins Tesla and GM with hands-free highway driving
Lucid Motors is about to make highway driving a lot more relaxing. The electric vehicle startup is rolling out a major upgrade to its driver-assistance technology, placing it squarely alongside Tesla and GM in the growing hands-free driving market. Starting July 30, Lucid Air owners who opted for the DreamDrive Pro package will have access to an over-the-air update unlocking two key features: The update launches first for the Lucid Air sedan, with the upcoming Gravity SUV getting these features later this year. DreamDrive Pro combines advanced hardware and intelligent software to power Lucid's driver-assistance system. It uses 32 integrated sensors, including LiDAR, radar, visible-light and surround-view cameras and ultrasonic sensors. This setup delivers precise environmental awareness for everything from highway cruising to close-range maneuvers. Because the platform is software-defined, Lucid can roll out new features like hands-free highway driving and automated lane changes through over-the-air updates. Drivers receive continuous improvements without needing hardware upgrades or service appointments. These updates are just the beginning. Lucid is investing heavily in advanced driver-assistance and automation, with a clear focus on safety, comfort and long-term innovation. Lucid now joins the ranks of top hands-free driving systems. Tesla's Full Self-Driving and GM's Super Cruise both offer hands-free driving on highways, though they differ in how they monitor driver attention and what roads they support. Ford's BlueCruise is another major option, available on a growing number of mapped highways. Mercedes-Benz Drive Pilot goes a step further by letting drivers take their eyes off the road in certain traffic conditions, though it's only available in limited markets for now. If you're driving a car with advanced driver-assistance features, such as the Lucid Air or similar models, you're likely noticing real changes in your daily routine. With hands-off driving now available on select highways, those stressful commutes can feel a little easier. Sitting in stop-and-go traffic doesn't have to be such a chore anymore. Long road trips? Suddenly, they're much more comfortable. Many automakers, not just Lucid, are pushing out updates directly to your car, so you can access new tools without ever stepping into a service center. Safety is at the forefront with these new systems. As you drive, a network of sensors and smart software helps keep your lane changes smooth, your following distances steady and your ride free from abrupt surprises. These advances can give you peace of mind, but it's essential to remember that these systems don't drive for you. You still need to stay alert and keep your hands ready. With more cars using similar technology each year, the roads themselves are changing. There's hope that fewer accidents caused by distraction or delayed reactions will benefit not just tech-savvy drivers, but everyone out there. While these models, like the Lucid Air, showcase what's possible, the real transformation comes as driver-assistance features become the new normal in cars everywhere. Lucid's new hands-free driving update puts it in direct competition with Tesla, GM, and other automakers working to change the way we drive. With DreamDrive Pro, Lucid shows that combining advanced hardware, in-house software, and frequent updates can deliver real capability. As more companies roll out similar systems, drivers are getting more options, and the convenience once reserved for luxury models is becoming more accessible. Would you trust your car to drive hands-free on the highway? Let us know by writing us at Sign up for my FREE CyberGuy ReportGet my best tech tips, urgent security alerts, and exclusive deals delivered straight to your inbox. Plus, you'll get instant access to my Ultimate Scam Survival Guide - free when you join my Copyright 2025 All rights reserved.
Yahoo
6 days ago
- Automotive
- Yahoo
EV Stock Faceoff: Is NIO's Mass Appeal Outshining LCID's Luxury Lane?
China-based NIO Inc. NIO and California-based Lucid Motors LCID are chasing the electric vehicle (EV) opportunity with different approaches. While NIO is expanding into the mass market with a sub-brand targeting budget-conscious buyers, Lucid is focusing on its premium roots, betting on luxury and performance to stand out. Both stocks have had their ups and downs, and both promise big things—but which strategy looks more investable today? In this faceoff, we'll break down where each company stands, how their business models stack up, and what investors should keep in mind as the EV market continues to evolve. LCID Narrative: Luxury Ambitions, But Questions Loom Large Lucid Motors is chasing its luxury EV dream—but investors may need more than slick cars and bold promises to stay convinced. In the second quarter of 2025, the company produced 3,863 vehicles and delivered 3,309. That's a year-over-year improvement, driven partly by the Gravity SUV entering production late last year. But the numbers still missed Wall Street estimates. Even more concerning, Lucid has produced 6,075 vehicles in the first half of 2025 — barely a third of its 20,000-unit full-year target. While production may eventually catch up, the real issue appears to be demand. Lucid operates at the high end of the EV market, with base prices above $70K for the Air sedan and just under $80K for the Gravity SUV. But with more affordable EVs flooding the market, the question is how many buyers are willing to pay this premium—especially for a brand still trying to build trust and scale. Having said that, recent developments bode well for the stock's long-term story. Just yesterday, Lucid announced that its vehicles will become compatible with Tesla's Supercharger network on July 31, giving Lucid owners access to more than 23,500 chargers. This move improves convenience and could boost Air sales in particular. It also recently struck a major deal with Uber to supply over 20,000 vehicles equipped with Nuro's autonomous tech. Uber has also invested $300 million into Lucid, providing both a cash cushion and a potential sales flywheel as its cars join Uber's global EV fleet. Lucid is also rolling out over-the-air software updates to improve its tech, with new driver-assist features arriving July 30. Saudi Arabia remains Lucid's lifeline. The government owns around 60% of the company, has agreed to buy up to 100,000 vehicles over the next decade, and is backing a factory in the kingdom. Still, this heavy reliance on Saudi Arabia raises concerns—not just about Lucid's long-term independence, but also the risk of further dilution as the company leans on external funding to stay afloat. Lucid ended the first quarter of 2025 with $5.76 billion in liquidity—enough runway into late 2026— but its annual cash burn sits near $2 billion. Risk of shareholder dilution remains high, and gross profit margins are still deep in the red. Software updates and autonomous ambitions add some tech flair—but can Lucid scale enough to matter? If Lucid could license or sell its tech stack to a legacy automaker, much like Rivian did with Volkswagen, it could significantly improve Lucid's prospects. But for now, Lucid's road ahead is not so smooth. It needs to boost demand, control costs and leverage its partnerships fast. NIO Narrative: Broader Reach But Big Goals to Hit While Lucid is focused on the high-end, NIO is building out an ecosystem that spans the EV spectrum. Its current lineup already includes sedans, SUVs and coupes like ES6, EC6, ET5 and ET9. But the bigger story is NIO's multi-brand strategy. With the mainstream mass market ONVO brand and the premium compact Firefly label now active, NIO is moving beyond luxury and pushing for scale. ONVO's first model, L60, was launched in 2024. A second vehicle, L90, will hit the Chinese market on Aug. 1, with pricing starting at just $27,000 under the battery-as-a-service model. Meanwhile, Firefly introduced its first EV this April. This diversification gives NIO far broader market exposure than Lucid—and that's key in a price-sensitive, competitive environment like China, where government EV support remains strong. NIO delivered 72,056 vehicles in second-quarter 2025 — a 25.6% jump year over year. While that included healthy contributions from ONVO (17,081 units) and Firefly (7,843), sales of NIO's core brand fell 18% from the prior year. For the first half of 2025, total deliveries reached 114,150 vehicles, up 30% from the year-ago period. Still, with a full-year target to double 2024's total (221,970), the growth pace needs to accelerate significantly. On the brighter side, margins are finally heading in the right direction. Vehicle margin rose to 10.2% in the first quarter of 2025 from 9.2% a year earlier, driven by lower material costs and a more efficient supply chain. New models like the ES6 and EC6 are expected to deliver margins near or above 20%, helping the company edge closer to profitability. The company also expects its losses to narrow gradually in 2025 amid sales growth and cost savings. NIO battery swap technology gives it an edge. Its battery swap network now spans 3,400+ stations globally, a major differentiator in a crowded EV market. Meanwhile, the company is making strides in autonomous driving with its in-house NIO World Model, which is already live on select vehicles. All in all, NIO's strategy is broad and innovation-driven, with improving margins and expanding reach—but execution will be key to turning potential into long-term success. Price Performance & Valuation Year to date, shares of NIO have risen 15%, outperforming LCID's gain. Image Source: Zacks Investment Research Valuation-wise, NIO trades at a much lower forward price-to-sales ratio compared to Lucid. Also, NIO's P/S ratio is currently lower than its 3-year median. LCID looks quite pricey, considering its current challenges. Image Source: Zacks Investment Research How Do EPS Estimates Compare for LCID & NIO? The Zacks Consensus Estimate for LCID's 2025 and 2026 bottom line suggests year-over-year growth of 26.4% and 30%, respectively. See how estimates for Lucid have been revised in the past 90 days. Image Source: Zacks Investment Research The Zacks Consensus Estimate for NIO's 2025 and 2026 bottom line suggests year-over-year growth of 31% and 59%, respectively. See how estimates for NIO have been revised in the past 90 days. Image Source: Zacks Investment Research Bottom Line Both NIO and Lucid are making bold moves in the EV space, but NIO's broader market reach, improving margins and multi-brand strategy position it better now. While NIO's 2025 delivery targets seem a little far-fetched at this moment, the company's progress in cost control, battery-swap innovation and growing exposure to the mass market tilt the balance in its favor. Lucid, despite some promising partnerships and strong tech, continues to struggle with demand, heavy losses and dilution concerns. Given the current fundamentals and outlook, NIO appears a better choice now. NIO currently carries a Zacks Rank #3 (Hold). Meanwhile, Lucid, with a Zacks Rank #4 (Sell), looks like a riskier option that investors may want to avoid for now. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report NIO Inc. (NIO) : Free Stock Analysis Report Lucid Group, Inc. (LCID) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
