Core Insights - Lucid Group, Inc. has launched the Gravity X, an adventurous electric vehicle (EV) model that enhances off-road capabilities and rugged styling, building on the existing Gravity Grand Touring model [1][9] Product Features - The Gravity X features a fresh design with higher ground clearance, improved approach and departure angles, all-terrain tires, protective skid plates, and tow hooks [2] - Interior upgrades include premium leather seating, high-performance floor mats, and a microsuede steering wheel, emphasizing luxury alongside adventure [3] Market Positioning - The Gravity X aims to cater to luxury EV buyers seeking a balance between weekday sophistication and weekend adventure capabilities, indicating a shift in consumer preferences [4] - If produced, the Gravity X would enter the niche market of adventure-focused electric SUVs, positioning Lucid against competitors like Rivian Automotive, which already emphasizes off-road features [5][9] Financial Performance - Lucid has underperformed the Zacks Automotive-Domestic industry, with shares down 30.8% year-to-date compared to the industry's decline of 16.5% [7] - The company is currently trading at a forward price/sales ratio of 2.76, which is higher than the industry average of 2.67, indicating potential overvaluation [12] Earnings Estimates - The Zacks Consensus Estimate for Lucid's bottom-line loss for 2025 and 2026 has widened by a penny each in the past 30 days, reflecting ongoing challenges [11]