Particle.news

Download on the App Store

Lucid Names Timothée Chalamet Global Brand Ambassador As Shares Slip on Russell Reclassification

The multi-year deal aims to amplify Lucid’s cultural relevance ahead of the Gravity SUV’s autumn rollout

Image
Image

Overview

  • Lucid signed a multi-year agreement naming actor Timothée Chalamet as its first global brand ambassador.
  • Chalamet will make his debut in a global campaign for the Gravity SUV set to launch this autumn.
  • Senior vice president of marketing Akerho Oghoghomeh said the partnership will broaden Lucid’s brand awareness and cultural relevance.
  • The announcement coincided with Lucid’s reclassification from the Russell 1000 to the Russell 2000 Index and an 8% drop in its share price to $2.56.
  • Lucid is scheduled to report first-half 2025 delivery figures on August 5 as it continues efforts to scale vehicle sales.