Latest news with #DerekJenkins
Forbes
19-05-2025
- Automotive
- Forbes
Why The Lucid Gravity Electric SUV Is A Top Tesla Alternative
The Lucid Gravity electric SUV Not long a go a friend messaged me: she wants to trade her Tesla Y for a larger EV with a third row. What did I think of the Lucid Gravity? The things she likes about her Tesla Y are now widely available, from brands like Cadillac and Kia to Hyundai, Volvo, Rivian and Mercedes-Benz: Seating for six or seven passengers, innovative technology and a long driving range for daily driving and road trips. The Lucid Gravity, priced from $74,900 to $94,900, was at the top of the list and for good reason: it's designed and engineered by many of the same people who built Tesla into an EV powerhouse. Lucid's former CEO, chief technology officer and board chair Peter Rawlinson brought Lucid to market after leading the development of the Tesla S, and his fingerprints are core to Lucid's engineering and approach. Also bringing EV development experience to the Gravity is chief engineer Eric Bach who, as with his time at Tesla, is focused on iterating better charging, more efficient batteries and ultimately, a longer driving range. Other ex-carmaker executives also are putting an imprint on the Lucid Gravity: chief of design Derek Jenkins, formerly of Mazda, brings a sharp, modern look and more human-centered approach to design, something Tesla has been criticized for. Jenkins' design approach focuses on family, flexibility and space, all while keeping the SUV's size and proportions on the smaller size, adding agility on the road and making it easier to park. The rear of the Lucid Gravity The result of this team approach is an 828 hp powerhouse of an SUV, thanks to a novel new battery design that is smaller yet more powerful. The new powertrain is designed to recharge fast and has a NACS Tesla-style charger; it can charge at the most powerful public DC fast chargers and recoup more than 400 kilometers of range in just 8.5 minutes. In comparison, Gravity isn't far off of the BYD record for logging the same charge in just 5 minutes. Gravity also sets new records with EV range, up to 450 miles on a charge, and features standard AWD and multiple drive modes: Smooth, Swift and Sprint, each delivering instant torque for a sporty feel on the road. Adding to the sports car DNA is rear wheel steering, and the result is two-fold: The Gravity is better able to hug the curves on the road and to angle perfectly into a parking spot. For a three-row SUV, both are a bonus. The Lucid Gravity's cabin and glass canopy roof While yes, this is a large SUV, the amount of power it delivers is more commonly found in sports cars like the Mercedes-Benz AMG 63 SE Performance or sporty SUVs like the BMW XM. This much power in a family SUV is takes a little extra thoughtfulness to ensure it's properly harnessed for comfort and safety. Lucid's engineering team did just that. The suspension is designed not only for comfort, but to prevent passengers from being tossed around on tight curves and fun roads; the rear wheel steering helps this, too. Even passengers in the way back should be comfortable, thanks also to good visibility through the panoramic sunroof, side windows and enough air vents to keep the cool (or warm) air flowing. The under-floor cargo well in the Lucid Gravity With seating for six or seven passengers and a sizable cargo space, the Lucid Gravity is thoughtful about where its owners will go and what they will do in it, from action sports to relaxing road trips to daily hauling of stuff and people. The experience in the driver's seat is great, but so is every seat in the car, even when it's not occupied. That's because third row seats can be folded into the floor when not in use, similar to minivan seat storage. And when they're in use, a large cargo well adds a tremendous amount of space. Buyers have a choice of a two-row or three row configuration, and can opt for captains chairs or a center row bench. Center row seats also slide and tilt for third row access, adding another layer of accessibility; these seats can slide forward even with a child car seat installed making the third row very usable. The interior of the Lucid Gravity Lucid took a new approach to the driver's controls and information setup, using a new 'squircle' design for the steering wheel: it's flat on top and bottom and features a two-spoke design with touch-sensitive pads on either side for driver's controls. These touchpads control many settings including Dream Drive adaptive cruise control and entertainment functions. Unlike the Lucid Air, the Gravity's functions are found on a linear screen that spans the dash, though like the Air, a Pilot Panel just below it is where functions can be controlled and customized. Below the Pilot Panel Lucid added a strip of buttons for quick access to climate control and a textured metal roller bar for radio volume control. Many of the climate controls, as well as other functions, can also be found on the static tool bar at the bottom of the Pilot Panel; this tool bar remains no matter what is showing on the screen. The Lucid Gravity Pilot Panel This might be one of the best features—and another not seen in Telsa: The option to customize your interior, from leatherette to leather options. Design themes center around iconic California landscapes like Yosemite, Mojave or Ojai, playing on the colors and tones that evoke those famous places. Another feature buyers can add is stadium seating for the frunk: A foldable seat with a bumper guard and side panels adds comfortable seating for two in the frunk, which is complete with power ports, lights and cup holders, making it the perfect place to sit back, relax and watch that travel lacrosse tournament that your kids talked you into. These features alone make the Lucid Gravity a great alternative to Tesla, especially for those who want to up their EV experience and bring the gang along.
Yahoo
28-04-2025
- Automotive
- Yahoo
Prediction: Lucid Group Will Soar in 2026. Here's 1 Reason Why.
It's been a mixed year for Lucid Group (NASDAQ: LCID). Shares of this electric vehicle (EV) stock have fallen alongside competitors including Tesla and Rivian Automotive, yet analyst expectations for Lucid's sales growth have surged. Right now, Wall Street experts expect the company to nearly double sales in 2025. This could be your opportunity to buy into a high-growth stock at a discount. But if you're really looking for big growth potential, pay attention to Lucid's growth prospects starting in 2026. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » Lucid stock is down 17% so far in 2025, and shares are trading at just 7.4 times trailing sales. That's a discount to competitors like Tesla, but a premium to other EV makers like Rivian. Lucid's relative premium to Rivian makes a lot of sense. The recent introduction of Lucid's Gravity SUV platform is expected to help sales nearly double this year. Rivian, meanwhile, isn't expected to release any new models this year. Thanks to this expected sales growth, Lucid stock trades at just 5 times forward sales. But looking even further ahead, there's reason to believe that Lucid will hit another sales inflection point in 2026 due to one major event. Last year, it was revealed that Lucid expects to begin production on three new more affordable models, all of which should cost under $50,000. At the time, this timeline seemed aggressive, especially considering its Gravity SUV had yet to be released. Last week, however, Derek Jenkins, a senior vice president at Lucid, confirmed that the company is currently "on track" to begin production of an affordable SUV model in 2026, though he noted that there are "a lot of crazy things going on in the world that can affect that [timeline]." This new Lucid model is expected to compete with Tesla's existing Model Y and Rivian's anticipated R2 midsize SUV. If the company's timeline remains intact, it could see another huge spike in sales growth next year. Before you buy stock in Lucid Group, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Lucid Group wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $594,046!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $680,390!* Now, it's worth noting Stock Advisor's total average return is 872% — a market-crushing outperformance compared to 160% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of April 21, 2025 Ryan Vanzo has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Tesla. The Motley Fool has a disclosure policy. Prediction: Lucid Group Will Soar in 2026. Here's 1 Reason Why. was originally published by The Motley Fool
Globe and Mail
28-04-2025
- Automotive
- Globe and Mail
Prediction: Lucid Group Will Soar in 2026. Here's 1 Reason Why.
It's been a mixed year for Lucid Group (NASDAQ: LCID). Shares of this electric vehicle (EV) stock have fallen alongside competitors including Tesla and Rivian Automotive, yet analyst expectations for Lucid's sales growth have surged. Right now, Wall Street experts expect the company to nearly double sales in 2025. This could be your opportunity to buy into a high-growth stock at a discount. But if you're really looking for big growth potential, pay attention to Lucid's growth prospects starting in 2026. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » This one thing will put Lucid's growth on steroids Lucid stock is down 17% so far in 2025, and shares are trading at just 7.4 times trailing sales. That's a discount to competitors like Tesla, but a premium to other EV makers like Rivian. Lucid's relative premium to Rivian makes a lot of sense. The recent introduction of Lucid's Gravity SUV platform is expected to help sales nearly double this year. Rivian, meanwhile, isn't expected to release any new models this year. Thanks to this expected sales growth, Lucid stock trades at just 5 times forward sales. But looking even further ahead, there's reason to believe that Lucid will hit another sales inflection point in 2026 due to one major event. RIVN PS Ratio data by YCharts Last year, it was revealed that Lucid expects to begin production on three new more affordable models, all of which should cost under $50,000. At the time, this timeline seemed aggressive, especially considering its Gravity SUV had yet to be released. Last week, however, Derek Jenkins, a senior vice president at Lucid, confirmed that the company is currently "on track" to begin production of an affordable SUV model in 2026, though he noted that there are "a lot of crazy things going on in the world that can affect that [timeline]." This new Lucid model is expected to compete with Tesla's existing Model Y and Rivian's anticipated R2 midsize SUV. If the company's timeline remains intact, it could see another huge spike in sales growth next year. Should you invest $1,000 in Lucid Group right now? Before you buy stock in Lucid Group, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Lucid Group wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $594,046!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $680,390!* Now, it's worth noting Stock Advisor 's total average return is872% — a market-crushing outperformance compared to160%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of April 21, 2025
Yahoo
16-04-2025
- Automotive
- Yahoo
Why Lucid Motors Stock Sank Today
Luxury electric vehicle (EV) maker Lucid Group (NASDAQ: LCID) launched its fully electric Gravity SUV to the public last year and began accepting registrations from interested customers. It officially introduced the initial 2026 Grand Touring edition yesterday. A company executive also announced that plans to launch a new, midsize SUV next year are on track. Yet after a brief rise higher, Lucid stock is plunging today. Lucid shares closed the day's trading lower by 5%. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » Lucid stock is down about 25% year to date with today's drop. News from the company yesterday was positive, though. Lucid is diversifying its product lineup with its new luxury Gravity SUV. It began accepting registrations last year, but now has officially opened the order book on the high-end SUV that starts at $94,900. Another version with a starting price of under $80,000 will be available to order later this year. Maybe more important for Lucid investors are plans to launch a new, lower-priced, midsize SUV next year. Lucid senior vice president Derek Jenkins said the company is on track for that 2026 launch. That vehicle is set to start at a $50,000 price point, and could vault the company into a much larger market of consumers. Yet the stock plunged today as investors see tariffs and potentially negative economic consequences as a reason to sell technology names. Lucid addressed the tariff issue yesterday, too. Interim CEO Marc Winterhoff told Reuters that the company has no plans to raise prices, but it does have agreements in place with battery cell and graphite suppliers for domestic production to avoid U.S. tariffs in the near future. That wasn't enough for investors to spare Lucid shares from today's tech sell-off, though. The Nasdaq Composite (NASDAQINDEX: ^IXIC) was down as much as 4% today, closing down 3%, and dropped to 20% below its record high set late last year. While Lucid gave long-term investors some positive news yesterday, it will be a bumpy ride for shareholders as long as tech stocks struggle. Before you buy stock in Lucid Group, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Lucid Group wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $526,499!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $687,684!* Now, it's worth noting Stock Advisor's total average return is 818% — a market-crushing outperformance compared to 156% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of April 14, 2025 Howard Smith has positions in Lucid Group. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why Lucid Motors Stock Sank Today was originally published by The Motley Fool
Arab News
16-04-2025
- Automotive
- Arab News
Lucid says it is on track to enter midsize electric SUV market next year
RIYADH: Lucid is on track to launch its midsize electric SUV in 2026, company executives said on Tuesday, as the EV maker looks to tap an increasingly competitive segment dominated by rival Tesla's bestselling Model Y crossover. 'There are a lot of crazy things going on in the world that can affect that (timeline). But currently we are on track,' said Derek Jenkins, senior vice president at Lucid. The company targets a $50,000 price point, which will pit the model against contenders such as the Ford Mustang Mach-E, Hyundai Ioniq 5 and the upcoming Rivian R2. Teams at Lucid have been preparing assembly lines and working with vendors to move ahead with the launch, said Emad Dlala, senior vice-president at the electric-vehicle maker. TARIFF IMPACT Lucid is not immune to the Trump administration's tariffs but is working to mitigate its effects, interim CEO Marc Winterhoff told Reuters. While the EV maker does not plan any price hikes, it has signed agreements with battery cell and graphite suppliers to bring production to the US, Winterhoff said. 'We have those agreements already. The plants are being built right now, so it's not something that we can switch on today, but it's in the near future,' he said. Former Tesla engineer Peter Rawlinson, who was the CEO of Lucid for more than five years, resigned in February. The company, backed by Saudi Arabia's sovereign wealth fund PIF, plans to launch the less-expensive Touring variant of the Gravity SUV later this year, starting at $79,900. It expects strong demand for the premium model to help double its 2025 vehicle production to around 20,000 units. Lucid started producing its Gravity SUV at its Arizona factory last year, with customer orders for the Grand Touring trim opening in November.
