Financial PerformanceLucid exited 2Q24 with $4.28 billion in liquidity and announced an additional $1.5 billion investment from an affiliate of the Saudi-backed PIF.
Product DevelopmentThe pivotal Lucid Gravity SUV is on track to begin production by late 2024, with management noting its potential addressable market is roughly 6x that of its Lucid Air sedans.
TechnologyLucid's industry-leading technology remains a key differentiator, with the efficiency of its powertrain significantly cutting costs out of the electric vehicle by enabling battery size reduction.