Lucid Group

LCID

Lucid Group, Inc. is an American manufacturer of electric luxury sports cars and grand tourers headquartered in Newark, California. Lucid vehicles are designed in California and manufactured at Lucid's factory in Arizona. The company was founded in 2007.The first Lucid vehicle, the Lucid Air, is offered in several trim levels, including the Lucid Air Pure. Other Lucid Air trim levels include the Lucid Air Touring and Grand Touring models, the latter available in Performance equipment level as well. The company's second model, the Lucid Gravity SUV EV is scheduled to launch in 2024. Since April 2019, Lucid has been majority-owned by Public Investment Fund, the sovereign wealth fund of Saudi Arabia.

Lucid Group has been a target of short sellers for a while. The current short interest of 19.20% is significantly above the average of the last 12 months (12.82%).