Shares of Lucid Group (LCID 3.84%) 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 (^GSPC +0.11%) and Nasdaq Composite (^IXIC +0.09%) 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.
NASDAQ: LCID
Key Data Points
Lucid's sedan sets a world record and production record
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.
Image source: Getty Images.
Challenges remain
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.
