Lucid Sets Timelines: To Deliver Limited-Edition Sapphire In October, Unveil Gravity In November
Portfolio Pulse from Anan Ashraf
Lucid Motors (NASDAQ:LCID) plans to start production of its limited-production Air Sapphire in September and begin customer deliveries in October. The company also plans to unveil its Gravity SUV in November. The company ended the quarter with total liquidity of approximately $6.25 billion, which is expected to cover the production of Gravity and into 2025.
August 08, 2023 | 5:06 am
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Lucid Motors' plans to start production of Air Sapphire and unveil Gravity SUV could potentially boost investor confidence and stock price.
The announcement of the production timeline for the Air Sapphire and the unveiling of the Gravity SUV indicates progress in Lucid Motors' product pipeline. This could potentially boost investor confidence in the company's ability to deliver on its promises, which could positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100