Is Lucid a luxury car?
Lucid Gravity is Car and Driver’s 10Best SUV, Esquire’s Car of the Year, and Good Housekeeping’s Best Luxury EV. On the whole, Lucid is a risky stock because of its immense cash burn and no clear pathway to profitability. However, over the long term, the company still has millionaire-maker potential, as new model releases potentially help it scale up its business model.Lucid has had immense problems scaling up its business model. While there are several reasons for this, the most important is weak demand. EV customers tend to gravitate toward SUVs and smaller economy-oriented vehicles over large luxury sedans like the Lucid Air.Lucid Motors is majority-owned by Saudi Arabia’s Public Investment Fund (PIF), which holds over 60% of the company as of 2025. This strategic partnership has enabled Lucid to secure billions in funding, fueling its global expansion and R&D efforts.