Lucid Group Sales Could Jump 211% With Gravity SUV Push: Wall Street

Lucid Group is on track for significant revenue expansion, with Wall Street projecting sales to rise by 211% over the next 18 months. Analysts expect growth of 61% this year and another 93% in 2026, driven largely by the launch of the Lucid Gravity SUV.

The bullish forecasts mark a turnaround for the luxury EV maker, though questions remain about its long-term growth potential.

Gravity SUV seen as sales catalyst

Since 2021, Lucid has depended on the Air sedan, its first production model, which debuted at prices between $140,000 and $170,000 before eventually falling to a $70,000 entry point. While the Air established Lucid in the premium EV space, competition grew rapidly and sales stagnated through mid-2024, according to the Motley Fool.

That trajectory shifted with the debut of the Gravity, an SUV that places Lucid in one of the fastest-growing and most popular vehicle categories in the U.S. Analysts believe the expanded lineup will enable Lucid to post consistent double-digit quarterly gains once manufacturing challenges are resolved.

Profitability challenges remain

Despite the optimism, Lucid’s path is far from guaranteed. The Gravity starts near $80,000, and higher trims easily cross the $100,000 mark. This positions the SUV in the same luxury segment as Tesla’s Model X, which sold only about 38,000 units globally last year compared to over 1.7 million combined sales of Tesla’s more affordable Model Y and Model 3.

High pricing is expected to limit Lucid’s addressable market, even as short-term growth accelerates. With shares currently trading at 7.3 times sales, analysts warn that Lucid stock may be overvalued unless the company eventually broadens its lineup with lower-cost vehicles to reach mass-market buyers.

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