Lucid Group Inc (NASDAQ: LCID) saw its stock price surge 5.21% in Tuesday's pre-market trading session following the announcement that its Lucid Air Grand Touring model has set a new Guinness World Records™ title for the longest distance traveled by an electric vehicle on a single charge.

The record-breaking achievement saw the Lucid Air Grand Touring cover an impressive 1,205 kilometers (approximately 749 miles) without recharging. This feat not only showcases Lucid's technological prowess in the electric vehicle market but also addresses one of the primary concerns among potential EV buyers - range anxiety.

Industry analysts view this accomplishment as a significant milestone for Lucid Group, potentially boosting consumer confidence in the company's products and strengthening its position in the competitive EV market. The extended range capability of the Lucid Air Grand Touring could be a game-changer, setting a new benchmark for the industry and potentially attracting more customers to the Lucid brand.

While Lucid Group is still in its growth phase and faces challenges typical of EV startups, including production ramp-up and fierce competition from established automakers, this world record demonstrates the company's commitment to innovation and quality. Investors appear to be responding positively to this news, seeing it as a sign of Lucid's potential to carve out a significant niche in the expanding electric vehicle market.