Part 8/9:
With the Lucid Gravity SUV expected to launch, hopes linger that its introduction might help the company scale upward. The Gravity is believed to have a significantly better market potential than the Air sedan, especially given the demand for luxury SUVs. However, the company’s financial track record raises skepticism about its long-term viability.
As Lucid gears up for 2025, when the Gravity is set to ramp up production, the challenge remains: Can the organization deliver on its promises? In light of its troubled history, many are left questioning whether Lucid will continue to receive backing from the Saudi Arabian Sovereign Wealth Fund or if the ongoing losses will prove too burdensome for investors.