Business ExpansionLucid has successfully delivered the first set of vehicles to Nuro for testing, aiming to enter the Robotaxi business with an official launch planned in San Francisco in 2026.
Liquidity EnhancementLucid announced that the PIF agreed to increase the DDTL to approximately $2 billion, enhancing liquidity.
Market DemandDelivery and demand trends continue to be encouraging, even in the face of lower EV demand post the cessation of the $7,500 EV tax credit, with LCID calling out October strength.