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Lucid's Gravity SUV: Lucid sticks to production goal, has enough cash for electric SUV next year, ET Auto

Lucid s Gravity SUV: The company reported second-quarter earnings and revenue below market expectations, but its strong liquidity after a USD 3 billion stock offering in June led by its majority owner, Saudi Arabia s Public Investment Fund, has given it an advantage over cash-poor peers that are battling parts shortages. ....

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Lucid sticks to production goal, has enough cash for electric SUV in 2024

Luxury electric vehicle maker Lucid stuck to its annual production target on Monday and said it had enough cash to start producing its much-awaited sport utility vehicles next year and into 2025, sending its shares about 4% higher in extended trading. ....

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