This is not investment advice. The author has no position in any of the stocks mentioned. Wccftech.com has a disclosure and ethics policy.
it is said that there is a lot of clarity in hindsight. Lucid Group should have started retailing its newly unveiled Gravity SUV a lot sooner than the cash sieve that is the Lucid Air electric sedan. After all, the SUV aims to hit the market's sweet spot in terms of price and amenities, and might even have become the embattled company's lifeline in today's turbulent waters. Nonetheless, the Gravity electric SUV might yet transform into Lucid Group's much-needed panacea, but not without a significant cash infusion from the Saudis.
Announcing the Lucid Gravity!!
• 34” Clear View cockpit curved dash
• 112 cubic ft of storage
• Seating for 7 w/ fold flat 2nd & 3rd row seats
• Starting at less than $80,000
• 440+ mi est. range (120kwh battery ~3.6mi/kwh)
• 6000 lb max towing
Coming late 2024 pic.twitter.com/8wh8oYGw9u
— The Kilowatts
Read more on wccftech.com