Lucid Group (LCID) Shares Rise as Gravity SUV Deliveries Begin in Canada
Lucid Group's stock climbed approximately 2% in pre-market trading following the commencement of Gravity SUV deliveries in Canada. The expansion into a new market underscores the company's strategy to broaden its premium electric vehicle footprint beyond the U.S.
The Gravity Grand Touring, now available to Canadian customers, boasts dual motors delivering 828 horsepower and accelerates from 0–100 km/h in 3.6 seconds. Its integrated NACS port enables direct Tesla Supercharger access, supporting 400 kW fast charging. Priced from CA$134,500, the model is configurable online.
Wall Street maintains a Hold rating on LCID, with price targets reflecting cautious optimism. The MOVE into Canada serves as a litmus test for cold-weather performance and international brand appeal.