After dropping more than 5% yesterday, Lucid shares were higher by 3.8% as of 1:30 p.m. ET today. While the stock is still down nearly 50% year to date, it's today's news that shareholders hope will be the catalyst that could turn Lucid's fortunes around.

Lucid Motors (NASDAQ: LCID) has been navigating turbulent waters following the recent U.S. presidential election.

Investors will only boost Lucid's stock if it does see a dramatic increase in sales. Except the company said its first Gravity model available will be the Grand Touring trim, with pricing starting at $94,900. It won't be until the end of 2025 that Lucid begins offering a lower priced trim starting at under $80,000.