Overview

• Lucid Motors released a teaser video for its Gravity X concept showcasing all-terrain tires, elevated suspension and integrated off-road lighting
• The Gravity X will be unveiled on August 14 at Monterey Car Week’s Concept Lawn and will appear publicly at the Pebble Beach Concours d’Elegance on August 17
• Monterey attendees can book demonstration drives of the Lucid Air sedan and the Gravity SUV alongside wellness drinks and sensory experiences at Lucid’s booth
• Lucid reaffirmed its timeline to begin production of a more affordable midsize SUV platform in late 2026 to broaden its addressable market
• The company updated its SEC proxy materials to clarify a one-for-ten reverse stock split and noted Geode Capital Management’s increased institutional holdings