Lucid Motors Financial and Production Updates

Lucid Motors has announced pricing for its upcoming models; the electric Air sedan will be available at $71,400 while the Gravity SUV is expected to be priced around $80,000 Despite a net loss of $684.7 million in the first quarter, which is an improvement from the previous year's $779.5 million loss, the company achieved a turnover of $172.7 million with 1,967 electric cars delivered They expect to increase their investment to $1.5 billion in 2024, up from $910.6 million in 2023, partially due to plans for expanding production capacity. Additionally, a new smaller vehicle from Lucid is anticipated to begin production in late 2026.