Lucid Motors Names New Top Marketer

Lucid Motors (LCID) delivered 3,093 vehicles in Q1, down from Q1 2025, citing supplier issues. Its Gravity SUV sold 1,631 units, trailing GM's Cadillac (GM) Vistiq and Escalade EV. Uber (UBER) committed to buying 35,000 Gravity vehicles. Rivian (RIVN) sold 5,494 R1S SUVs in Q1. LCID stock fell 67% over the past year.

Lucid Motors unveiled the 2027 Gravity GT-S, an electric SUV with 1,070 horsepower, surpassing the original Bugatti Veyron's output. It accelerates from 0 to 60 mph in 3.1 seconds, seats up to seven, and starts at $125,900. The model features advanced handling tech and luxury amenities, targeting family use and performance.

LCID, SNGX, and SRAD hit 52-week lows. LCID faces production and loss challenges, SNGX's cancer trial halted, SRAD reports Q1 loss despite revenue growth. LCID projects Q1 revenue of $280M-$284M and a $1B operating loss. SNGX has $5.9M cash, exploring options. SRAD maintains full-year outlook, but faces price target cut and short interest.

Lululemon (LULU), Lucid (LCID), and Altimmune (ALT) hit 52-week lows due to leadership uncertainty, financial strain, and strategic concerns. LULU dropped 13% after naming a new CEO, LCID fell 9% amid funding and production cost worries, and ALT declined 16% following a stock offering. Uber owns 11.52% of LCID.

Lucid has launched its Gravity range in Europe, featuring four trims with prices starting at 97,900 euros. The models offer up to 739 km of range, fast charging, and advanced features. Lucid aims to simplify choices and attract buyers with improved standard equipment, despite high prices and brand recognition challenges.

Trade Desk (TTD), Intuit (INTU), and Lucid Group (LCID) hit 52-week lows. TTD fell over 2.6% after ADWEEK reported its Chief Revenue Officer Anders Mortensen is exiting after seven months. INTU slid to an annual low amid a Goldman Sachs downgrade to Sell and a $276 target. LCID dropped to about $5 after CEO change and weak deliveries.