Dec. 26 at 11:52 AM
$LCID
In 2025, Lucid remains poised amid a tough market, facing pressure from rising interest rates and the withdrawal of federal EV tax credits. Lucid Group has focused its efforts on expense management, making its products even more efficient, and maintaining liquidity, with support from the Public Investment Fund of Saudi Arabia, its major shareholder. Lucid Group is also preparing for the market launch of its new model, the Gravity electric SUV, an initiative that will be vital to volume and margin growth.