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Lucid's Gravity will boost deliveries through 2025 as the production ramps up and the more affordable trims hit production; Lucid will begin production of a more expensive trim initially.
Lucid's momentum with three quarters of record deliveries was essentially offset by a mixed third-quarter result and the announcement that the EV maker plans to sell more than 262 million shares ...
Here's where Lucid is struggling to get going and why investors should probably pass on this EV stock for now, despite shares trading around $2.69 as of this writing.
Shares of Lucid Group (NASDAQ: LCID) were trading sharply higher on Monday, just days after the company began production of its long-awaited second luxury electric vehicle. As of 1 p.m. ET, Lucid ...
Lucid reported third-quarter financial results last week and had a net loss of $992 million. The company is trying to increase production of its Air sedan and its newly launched Gravity SUV and ...
This gives investors hope that Rivian could yet survive a possible shakeout in the EV industry as demand cools amid a growing affordability problem for a new vehicle that Musk himself has cited.
On May 5, 2022, Lucid announced that it was raising prices of the variants of its luxury Air sedan, beginning June 1, 2022. The price hikes were expected to push the base price of the Air sedan up as much as 13%. [58] Lucid Air was named Motor Trend’s 2022 Car of the Year, being the first time a brand new car model won the award. [59]
Image source: Lucid. The big question is whether Lucid can hold on long enough to see the benefit from the transition. Lucid's management says the company has enough "cash runway well into 2026 ...