Lucid opens Gravity orders in bid to reshape SUV market [Yahoo! Finance]
Lucid Group, Inc. (LCID)
Company Research
Source: Yahoo! Finance
Lucid Group opened U.S. orders for its long-awaited Gravity SUV on Nov. 7 with production expected to start in the coming weeks, the company announced as a part of its Q3 earnings The luxury electric vehicle maker will begin with the Grand Touring trim, priced at $94,900, according to an Oct. 29 press release . The model offers more than 800 horsepower and a projected range of over 440 miles. “I believe this innovation has the potential to reshape the market for SUVs with meaningful opportunity to scale in a significantly larger addressable market,” Lucid CEO Peter Rawlinson said during the company's earnings call on Nov. 7 Lucid sees the Gravity as a “key driver” of its future growth, Gagan Dhingra, interim CFO and prinicpal accounting officer, said in the earnings call. The company expects to increase production during Q4 with the launch of the Gravity, as it targets a full-year output of 9,000 vehicles. Rawlinson noted the Gravity adds an SUV to Lucid's lineup, allowing th
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LCID
News
- Should You Buy Lucid Stock While It's Trading Below $3? [Yahoo! Finance]Yahoo! Finance
- Three Reasons to Avoid LCID and One Stock to Buy Instead [Yahoo! Finance]Yahoo! Finance
- Lucid Group to Participate in the Nasdaq 51st Investor Conference [Yahoo! Finance]Yahoo! Finance
- Lucid Group to Participate in the Nasdaq 51st Investor ConferencePR Newswire
- Where Will Lucid Stock Be in 5 Years? [Yahoo! Finance]Yahoo! Finance
LCID
Earnings
- 11/7/24 - Beat
LCID
Sec Filings
- 12/9/24 - Form 4
- 12/9/24 - Form 4
- 12/9/24 - Form 4
- LCID's page on the SEC website