Lucid stock down on Q1 loss, confirms Gravity SUV on track for 'late 2024' launch

Peter Rawlinson News

Lucid stock down on Q1 loss, confirms Gravity SUV on track for 'late 2024' launch
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EV-maker Lucid (LCID) reported mixed first quarter results, as a wider-than-expected loss trumps the company's confirmation that its Gravity SUV is still on ...

) reported mixed first quarter results, as a wider-than-expected loss trumps the company's confirmation that its Gravity SUV is still on track for a 2024 debut.

“Our sales momentum is building, our focus upon cost remains relentless, and we believe Gravity is on track to become the best SUV in the world,” Lucid CEO Peter Rawlinson said in a statement. Lucid confirmed its Gravity SUV was set for a "late 2024" production start, and its upcoming midsize vehicle was slated for a late 2026 launch.

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