Lucid Gravity SUV: 440 Miles, $1.5B Lifeline, and EV Survival at Stake

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Lucid Motors rolls out Gravity SUV with 440-mile range capability, expanding its electric vehicle lineup beyond the Air sedan.

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Production kicks off at Lucid's Arizona factory, marking a crucial milestone for the struggling EV maker's survival against mounting losses.

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Saudi Arabia's Public Investment Fund throws $1.5 billion lifeline to Lucid Motors after reporting $950 million quarterly net loss.

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CEO Peter Rawlinson confirms gradual production ramp through 2025, prioritizing quality over quantity for the seven-seater luxury SUV.

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Gravity's lower-priced Touring trim faces delayed production until late 2025, while premium Grand Touring hits assembly lines first.

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Lucid's existing Air sedan struggles with projected sales of just 9,000 units by 2024 end, pushing hopes onto Gravity's market performance.

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Company's cash reserves stand at $1.9 billion as of September 30, expected to maintain operations through Q4 2025.

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New midsize SUV platform teased with sub-$50k pricing point, targeting Tesla's Model Y and Model 3 market segment by late.

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Potential Trump administration policies could affect EV tax credits, with academics projecting 27% drop in new EV sales.

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Gravity SUV boasts aerodynamic efficiency with drag coefficient below 0.24 cx, incorporating wellness features like Lucid Sanctuary.

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