No One Knows What Is Happening to Lucid Stock." Really?

Lucid Group, Inc. made a significant leap on November 16, 2023, by unveiling the Lucid Gravity, a luxurious sport utility vehicle, at the Los Angeles Auto Show, marking a noteworthy technical and design milestone. Subsequently, on January 24, 2024, the Compensation and Human Capital Committee of the Board of Directors awarded Eric Bach (Senior Vice President, Product and Chief Engineer) a discretionary cash bonus of $1,000,000 for his substantial contributions to this achievement. (Form 8-K, filed 01/26/2024 SEC)

The completion of Phase 2 at the AMP1 factory in Arizona was also announced, serving as the first production site for the upcoming Gravity SUV, expected to roll off the assembly line later this year. Similar to the successful debut of the initial Lucid Air model a year and a half ago, anticipation for another triumph is high.

The Lucid Gravity distinguishes itself as the best in its class among luxury SUV rivals. It's the world's fastest SUV with 800hp, a 440-mile range, seating for 7 passengers, and ample luggage space for 7 pieces. All of this is offered for "under $80,000."

Mr. Eric Bach's exceptional skill deserves every recognition Lucid offers for his extraordinary work of art. The prospect of more awards for Gravity is evident, signaling a bright and undeniable future for Lucid in the eyes of any investor. Wall Street can no longer feign ignorance or overlook the presence of Lucid.

Loc Trang is an automotive expert and currently a bullish fan of Lucid Motors. He is the administrator of Lucid Motors Investors and Lucid Owners Club groups among others on Facebook and covers news and opinion on Lucid Motors. You can follow him on X at Logan-T for more.