Lucid Group's Gravity SUV arrives with high hopes and some risks

The article mentions Lucid Group, Inc. (LCID) is expanding production of its Gravity three-row SUV while reporting a third-quarter net loss of about $1 billion and holding roughly $5.5 billion in liquidity.

The article mentions Lucid Group, Inc. (LCID) is expanding production of its Gravity three-row SUV and has added a second assembly shift. The company said earlier supply-chain constraints for magnets, aluminum and chips limited output but that those issues have been resolved. Deliveries have risen for seven straight quarters, and the firm reported a year-over-year delivery increase of 47% in the third quarter. Lucid also reported a declining gross profit and a third-quarter net loss of about $1 billion while holding about $5.5 billion in liquidity supported by financing from Saudi Arabia's Public Investment Fund. Key points: - The article reports the Gravity is expected to retail at roughly $79,900 and only a few hundred were sold in 2025 due to earlier manufacturing limits. - Lucid said supply-chain issues have been addressed and added a second assembly shift, with deliveries rising for seven consecutive quarters and a 47% year-over-year increase in Q3. - The company posted a declining gross profit and a net loss of about $1 billion in the third quarter, finishing the period with about $5.5 billion in liquidity after expanding a delayed-draw term loan with the Public Investment Fund. - Interim CEO Mark Winterhoff said the Gravity is in stronger demand than the Air sedan and many customer configurations exceed $100,000; the company plans a lower-priced mid-size crossover and partnerships related to autonomous vehicle technology. Summary: Lucid is increasing Gravity production while reporting a significant quarterly loss and maintaining liquidity supported by PIF financing through mid-2027. Undetermined at this time.