Lucid Rises Nearly 5% In Pre-Market After Strong Q3 Results, Opening Orders For Gravity SUV

EV maker Lucid Motors (NASDAQ:LCID) opened orders for its Gravity SUV on Thursday, aiming to increase its total addressable market.

What Happened: “Now, today we opened orders for Lucid Gravity and we’ve entered a market that’s about 6 times larger than our addressable market last year with Lucid Air,” company CEO Peter Rawlinson said on Thursday during the company’s third-quarter earnings call.

Orders will initially be taken for the Grand Touring trim of the SUV starting from $94,900. Production of the lower-priced Touring trim of the vehicle, starting at $79,900, will start only in late 2025, the company said.

The start of production for the Grand Touring trim of the Gravity SUV is expected in a few weeks and the company will announce when it might be ...

Full story available on Benzinga.com