Video Summary
Lucid’s technology is proprietary and desired by many.The Lucid Gravity will be the first three-row all-electric SUV with over 410, and potentially up to 440, miles of range.
Its closest competitor is the Rivian R1S.
Lucid's stock is currently at an all-time low.
Lucid intentionally liquidated shares to raise capital, pushing the stock price down.
Lucid has Saudi backing.
Lucid may not be a profitable business, but they're still delivering vehicles.
Its success is defined by the beholder.
If success means bringing shareholder value, Lucid has a long way to go.
If success means mass producing and delivering a quality product people enjoy, Lucid is a success, and many people love their Lucid Airs.
The Lucid Air outsells the Porsche Taycan and Mercedes EQS. In the luxurious sedan market, Lucid Air is winning.
Lucid is entering the three-row SUV market, a very popular segment.
Over 2/3 of Rivian R1 vehicles are SUVs, not pick-up trucks.
Orders for the Gravity will open on November 7th, 2024.
The Grand Touring launch model will start at $95,000.
The base pricing came as a surprise.
There are many mysteries about the pricing of the Gravity.
While not cheap, the starting price is surprisingly low.
The Gravity should reach 0-60 in less than 3.5 seconds.
The Gravity will likely have 800 horsepower, making it a performance monster for a three-row SUV.
The styling approach for the Gravity will have a bigger frunk.
Lucid has learned from the Lucid Air launch. They can’t secure a market of products in the six-figure territory.
This means there is a potential that the Lucid Gravity may not be in as high a demand as everyone is thinking.
Customers with a Lucid Air will be given priority delivery for Gravity purchases.
There are not a lot of standard specs listed yet for the Gravity.
There are some concerns on the transition of the CCS ports into NACS.
Overall, Lucid doesn't have a firm grasp on the demand for Gravity, since deposits have not been taken.
