Lucid Gravity GT-S Debuts With 1,070 HP As Automaker Battles Mounting Losses

Lucid has unveiled the 2027 Gravity GT-S, a 1,070-horsepower performance version of its three-row electric crossover, as the automaker works to address mounting financial and operational challenges.

The Gravity GT-S starts at nearly $128,000 and uses the same drivetrain found in the discontinued Lucid Air Dream Edition. Lucid says the new model is the most powerful three-row electric vehicle in the United States, putting it ahead of the 1,025-horsepower Rivian R1S.

The launch comes at a difficult time for Lucid. The company reported a net loss of about $1 billion in the second quarter and has conducted two rounds of layoffs this year. It has also brought in consulting firm AlixPartners to help develop a turnaround strategy.

The GT-S is therefore arriving as more than another addition to Lucid’s lineup. The high-performance Gravity is intended to generate attention for the brand, but its relatively high price means it is unlikely to address the company’s need for significantly greater sales volume on its own.

Gravity GT-S brings 1,070 horsepower

The new Gravity GT-S revives the 1,070-horsepower drivetrain previously offered in the Dream Edition sedan.

At nearly $128,000, the performance-oriented SUV sits firmly in the luxury EV segment. That puts it into competition with vehicles such as the Rivian R1S, which produces up to 1,025 horsepower.

Lucid’s ability to develop high-performance EVs has not been the company’s primary problem, however. Its bigger challenges have included production issues, supplier bottlenecks, product delays and efforts to improve its costs and gross margins.

The GT-S could nevertheless serve as a halo vehicle for the Gravity lineup, potentially drawing attention to Lucid’s other products.

Lucid remains under financial pressure

The new model arrives after a difficult period for Lucid. The automaker has cut its workforce twice this year and hired AlixPartners to help with a turnaround strategy.

Lucid has also pushed back against bankruptcy speculation, saying AlixPartners was not brought in to advise the company on bankruptcy.

Saudi Arabia’s Public Investment Fund remains a major source of financial backing, with the fund owning roughly 60% of Lucid.

The company’s stock closed at $5.26 on Tuesday, up 3.34%, before edging higher in premarket trading to $5.33. The shares remain well below their 2021 highs, according to Big Go Finance.

More affordable Cosmos delayed

Lucid is also postponing the vehicle that could have a much greater impact on its sales prospects.

The company has delayed its Cosmos crossover until at least 2027. The model had originally been expected to launch in late 2026 and is projected to cost around $50,000.

That would put the Cosmos at a substantially lower price point than the Gravity lineup and potentially allow Lucid to reach a much broader customer base.

The delay also highlights the challenge facing Lucid as it tries to expand its lineup while improving production and controlling costs.

The company needs to increase manufacturing volume and lower per-vehicle costs, while ensuring that new products launch without the quality and delivery problems that have affected some of its existing vehicles.

EV.com tracks the evolving EV collector space and performance electric vehicles hitting the market. Explore our listings to find the best EVs in your area available today.