Lucid Group Stock (LCID) Today: Gravity Touring Buzz, Saudi Lifeline and New Institutional Buying

Key takeaways

LCID last closed at $12.30 on Friday, November 21, 2025, up 4.95% on the day but still near its 52‑week low of $11.46 and well below its $36.40 high. ^[1]
Fresh news for November 23 highlights stronger institutional support and renewed focus on the Gravity SUV, including a new pension fund buyer and fresh analysis of Lucid’s $2 billion Saudi credit lifeline. ^[2]
Despite a 68% jump in Q3 revenue and the launch of the more affordable Gravity Touring SUV, Lucid remains a high‑risk EV stock, with deep losses, reduced 2025 production guidance and a heavy reliance on Saudi funding and capital markets. ^[3]

LCID stock today: price, range and market context

Lucid Group’s stock (NASDAQ: LCID) heads into Sunday, November 23, 2025 trading closed but sentiment very much alive.

Last close (Fri, Nov 21): $12.30
Daily move: +4.95% (from $11.72)
Intraday range: $11.46 – $12.35
Market cap: roughly $4.0 billion
52‑week range:$11.46 – $36.40 ^[4]

Friday’s rally came right after LCID hit a new 52‑week low of $11.46, underscoring just how beaten‑down the once‑high‑flying EV stock has become. Benzinga highlighted the rebound off those lows on Friday afternoon, noting the stock’s intraday low at $11.46 and late‑session bounce. ^[5]

Over the last 12 months, Lucid shares are still down around 40–55%, depending on the data source, even after a 1‑for‑10 reverse stock split earlier this year intended to shore up the price. ^[6]

For investors watching Lucid stock today, the key question isn’t just where the price sits, but how the latest news cycle reshapes the risk‑reward profile going into the new week.

What’s new on November 23, 2025?

1. New Jersey police & fire pension fund boosts its Lucid stake

The most concrete LCID headline dated November 23 comes from MarketBeat’s institutional ownership coverage. According to a new 13F‑based write‑up, the Police & Firemen’s Retirement System of New Jersey increased its stake in Lucid by 33.3% in Q2, buying an extra 118,746 shares. The fund now owns 475,360 LCID shares, with a position valued at about $1.0 million at the time of filing. ^[7]

The same report notes:

Several other asset managers — including BI Asset Management, Amalgamated Bank, Envestnet, Blair William & Co. and Deutsche Bank — also adjusted their positions.
Institutional investors and hedge funds collectively own about 75% of Lucid’s outstanding shares, signaling that, despite the brutal drawdown, the stock is still largely in institutional hands. ^[8]

For LCID watchers, this matters in two ways:

It reinforces the barbell” nature of Lucid’s shareholder base – massive anchor owners like Saudi Arabia’s Public Investment Fund (PIF) on one side, and a wide mix of smaller funds and retail investors on the other. ^[9]
It suggests some pension‑fund‑level investors are comfortable averaging down after Lucid’s steep share price decline, even as fundamentals remain challenging.

The MarketBeat piece also highlights recent analyst calls:

Cantor Fitzgerald reiterating an overweight” stance.
Stifel Nicolaus trimming its price target from $21 to $17 and rating the stock a hold.”
Morgan Stanley keeping an equal weight” rating with a $30 price target in an earlier note. ^[10]

Taken together, Wall Street sentiment looks cautiously balanced: some still see upside if Lucid executes, while others are clearly hesitant after repeated execution issues.

2. TechBuzz revisits Lucid’s Q3 miss and $2B Saudi credit lifeline

Another headline updated today (Nov 23) comes from The Tech Buzz, which re‑surfaced its earlier article titled Lucid misses earnings again, secures $2B Saudi lifeline.” ^[11]

Key points from that piece and Lucid’s own Q3 release:

Q3 2025 adjusted loss:$2.65 per share, worse than the roughly $2.27 per‑share loss analysts expected.
Q3 revenue:$336.6 million, up 68% year‑over‑year, but still below Wall Street estimates in the ~$350–380 million range. ^[12]
Deliveries:4,078 vehicles, a 47% year‑over‑year increase.
Production:3,891 vehicles, up 116% from Q3 2024, with over 1,000 units built for final assembly in Saudi Arabia. ^[13]

The real headline, though, is liquidity:

Lucid and its majority backer, the Public Investment Fund of Saudi Arabia, agreed to boost a delayed‑draw term‑loan credit facility from $750 million to about $2.0 billion.
On a pro‑forma basis, total liquidity at quarter‑end would have been about $5.5 billion, versus the reported $4.2 billion, with the facility undrawn. ^[14]

TechBuzz frames this as a Saudi lifeline”: the company is burning large sums of cash and missing earnings expectations, yet remains supported by a deep‑pocketed strategic investor willing to extend credit and back new capital raises. ^[15]

For LCID stock today, that dynamic cuts both ways:

Positive: Lucid has substantial liquidity runway to keep investing in Gravity, autonomy and a future affordable EV.
Negative: The business still hasn’t proven it can scale profitably, and its survival narrative is now closely tied to PIF’s ongoing support and capital‑market access.

3. Auto media: Gravity Touring positioned as a Cadillac Vistiq rival

Fresh product‑side chatter is also hitting today. A new GM Authority article published this morning talks up the 2026 Lucid Gravity Touring as a more affordable luxury SUV positioned squarely against Cadillac’s upcoming Vistiq. ^[16]

Even though the full article sits behind some access limitations, the available details reinforce what other outlets reported last week:

Starting price (U.S.):$79,900 for Gravity Touring, well below the higher‑end Gravity Grand Touring. ^[17]
Performance and range: Dual‑motor all‑wheel drive with around 560 horsepower, 0–60 mph in roughly 4 seconds, and up to 337 miles of EPA‑estimated range from an 89 kWh pack in U.S. configuration. ^[18]
Packaging: Seats up to seven, with generous cargo space and a premium cabin featuring Lucid’s signature 34‑inch curved OLED display and updated UX 3.0 software. ^[19]

The combination of lower price and strong specs is exactly what analysts have been calling for: a product that can broaden Lucid’s addressable market beyond the ultra‑niche high‑end Air sedan.

Recent catalysts shaping LCID right now

Gravity Touring launches in the U.S. — and Canada joins the party

On November 20, Lucid officially announced the Gravity Touring SUV, describing it as a luxury electric SUV designed without compromise” while cutting the base price below $80,000. Orders opened immediately, with the model making its public debut at the 2025 Los Angeles Auto Show (Nov 21–30). ^[20]

Key product highlights from Lucid’s releases and financial media coverage:

Starting at $79,900 (U.S.), with multiple configurations and seating for up to seven.
Up to 337 miles of U.S. EPA‑estimated range, enabled by Lucid’s in‑house drivetrain and 1000‑V architecture.
DC fast‑charging up to 300 kW, with Lucid highlighting the ability to add roughly 200 miles of range in about 15 minutes at compatible chargers. ^[21]
Full‑size interior on a comparatively compact footprint, targeting luxury‑SUV buyers who might also consider Tesla Model X, Cadillac Vistiq, Mercedes EQE SUV or Rivian R1S.

A separate CoinCentral article explains that Lucid has now opened Gravity Touring orders in Canada, priced from C$113,500 with a quoted range of up to 542 km (NRCan estimate) and the same 560‑hp dual‑motor setup. That piece notes LCID stock trading around $12.20, up just over 4% intraday as investors responded to the news. ^[22]

Taken together, Gravity Touring is now:

On sale in the U.S., showcased heavily at the LA Auto Show.
Open for orders in Canada, adding another premium EV market while Lucid looks to offset the loss of U.S. federal tax credits for some buyers. ^[23]

For the stock, Gravity is the central volume story: if Lucid can build and deliver Gravity Touring at scale, it has a shot at moving beyond its current low‑volume, high‑cash‑burn profile.

Q3 2025 earnings: growth vs. execution risk

Lucid’s Q3 2025 report, released on November 5, is still the backdrop to everything happening today. In summary: demand and partnerships look promising, profitability does not.

From the company’s own release and follow‑up coverage: ^[24]

Revenue: $336.6 million (up 68% YoY).
Deliveries: 4,078 vehicles (up 47% YoY).
Production: 3,891 vehicles (up 116% YoY), plus over 1,000 units for Saudi final assembly.
Guidance: 2025 production now around 18,000” vehicles, at the low end of the prior 18,000–20,000 range and reinforcing a reduction first previewed earlier in the year.
Losses: Adjusted EBITDA and net loss remain steep, with Reuters citing an adjusted loss of $2.65 per share, worse than consensus expectations.

Reuters and other outlets also stress the supply‑chain headwinds still impacting Lucid: chip shortages, rare‑earth material constraints and even a fire at an aluminum supplier have all contributed to slower‑than‑planned production ramp‑up, particularly for the Gravity SUV. ^[25]

On the positive side, Lucid used the quarter to highlight:

A new Level 4 autonomy collaboration with NVIDIA, aimed at future highly automated vehicles.
Progress on its robotaxi partnership with Uber and Nuro, including early Gravity vehicles allocated to an engineering fleet and a planned San Francisco rollout from 2026. ^[26]

In other words, Q3 showed strong top‑line growth and exciting partnerships, but also worsening losses, reduced guidance and ongoing execution risk — a tension that defines LCID stock today.

Capital structure: high‑coupon notes and refinancing the 2026 converts

Alongside the PIF credit facility, Lucid has been busy in the bond market this month:

On November 12, Lucid announced the pricing of $875 million of 7.00% convertible senior notes due 2031, with an option for initial purchasers to buy another $100 million. ^[27]
By November 17, the company confirmed it had closed a $975 million offering (reflecting full exercise of that option). Net proceeds of about $962 million are expected. ^[28]
Lucid used roughly $752 million of those proceeds to repurchase about $755.7 million of its existing 1.25% convertible notes due 2026, extending its debt maturities and simplifying its near‑term refinancing calendar. ^[29]

The trade‑off:

Pro: The 2026 maturity wall” is largely pushed out to 2031, and Lucid gains flexibility to settle conversions in cash, stock or a mix.
Con: The new notes come with a 7% coupon — a far higher interest cost than the previous 1.25% notes, reflecting both higher rates and market skepticism about Lucid’s path to profitability. ^[30]

For equity investors, these moves reduce near‑term bankruptcy risk but also raise the bar: the business must generate enough value over the next six years to justify both the dilution potential of the converts and the rich coupon it’s now paying.

Sentiment check: from 52‑week lows to fragile rebound

Even after Friday’s bounce, LCID trades close to its 52‑week low, with market‑cap estimates around $4 billion and a one‑year change of roughly ‑40% to ‑55%. ^[31]

Recent commentary underscores just how polarized sentiment has become:

Benzinga framed Friday’s move as bouncing off all‑time lows”, tying the uptick to Gravity‑related optimism and oversold technicals. ^[32]
TipRanks ran a piece titled It’s Now or Never” on Lucid, pointing to the Q3 revenue growth and Gravity launch on one side, and deeply negative gross margins and cash burn on the other. ^[33]
The Motley Fool highlighted that, even after the sell‑off, some analysts still see Lucid as a long‑term speculative play — but emphasized that LCID is nowhere near a safe, blue‑chip EV holding. ^[34]

In more concrete numbers:

52‑week range: $11.46–$36.40
Average daily volume: ~7.8 million shares
1‑year performance: around ‑41%
Recent market cap: ~$4.0 billion versus a peak that was many multiples higher during the SPAC era. ^[35]

LCID today sits squarely in high‑risk turnaround” territory rather than mainstream large‑cap EV status.

What to watch next week if you follow Lucid stock

Looking beyond today’s headlines, several near‑term catalysts could move Lucid Group stock:

Order momentum and reviews from the LA Auto Show
- Investor focus will be on early Gravity Touring interest, test‑drive feedback and any hints about reservations and conversion rates. ^[36]
Further reaction to the pension‑fund buying and institutional flows
- Additional 13F or ownership updates could either reinforce the sense of smart money bottom‑fishing” or show continued selling from larger funds. ^[37]
Commentary on the $975M convertible notes and PIF’s $2B credit facility
- Analysts will be modeling the combined effect of higher interest expense, potential dilution and extended runway — and debating whether the financing buys enough time for Gravity and a future affordable EV to ramp. ^[38]
Macro EV sentiment and policy news
- Lucid’s own management has stressed that waning U.S. EV demand and the loss of federal purchase incentives have weighed on the market. Any fresh policies, incentives or macro data on EV adoption will feed directly into LCID’s narrative. ^[39]
Updates on supply‑chain stability and production cadence
- After cutting its 2025 production target to about 18,000 vehicles, Lucid has little room for further disappointments without risking another rerating of the stock. ^[40]

Bottom line

As of November 23, 2025, Lucid Group stock sits at a crossroads:

The company now has a broader SUV lineup with Gravity Touring, a growing presence in Canada and the Middle East, and high‑profile partnerships in autonomy and robotaxis. ^[41]
It also has a reinforced liquidity cushion via Saudi PIF’s $2 billion credit facility and nearly $1 billion of new 2031 convertible notes, alongside increased interest from some institutional investors. ^[42]
Yet the business is still grappling with deep losses, execution challenges, and a sharply reduced share price, leaving LCID a speculative EV turnaround story rather than a proven growth compounder. ^[43]

For traders and long‑term investors alike, LCID today is essentially a high‑beta bet on Lucid’s ability to:

Ramp Gravity Touring and the broader Gravity line smoothly,
Convert partnerships with NVIDIA, Uber and Nuro into real, profitable volume, and
Use its Saudi‑backed liquidity runway to reach sustainably positive margins before capital becomes too expensive or scarce. ^[44]

This article is for informational and educational purposes only and does not constitute financial or investment advice. Always do your own research and consider consulting a licensed financial professional before making investment decisions.