Lucid To Start Taking Orders for Gravity SUV Next Week, But Only For Premium Variant Priced At About $95,000
Portfolio Pulse from Anan Ashraf
Lucid Motors (NASDAQ:LCID) will begin taking orders for its Gravity SUV's premium variant on November 7, 2023, priced at $94,900. Production for this variant is expected to start in late 2024, while a lower-priced version will begin production in late 2025. The Gravity SUV is positioned to compete with Tesla's Model X.
October 30, 2024 | 6:11 am
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Lucid Motors is set to take orders for its Gravity SUV's premium variant, priced at $94,900, starting November 7, 2023. This move positions Lucid to compete with Tesla's Model X, potentially boosting its market presence.
The announcement of taking orders for the Gravity SUV's premium variant is a significant step for Lucid Motors, as it expands its product lineup beyond the Air sedan. This could enhance its competitive position against Tesla, potentially leading to increased investor interest and a positive short-term impact on LCID's stock price.
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