Gravity Suv News Today

Lucids Gravity SUV: The company reported second-quarter earnings and revenue below market expectations, but its strong liquidity after a USD 3 billion stock offering in June led by its majority owner, Saudi Arabias Public Investment Fund, has given it an advantage over cash-poor peers that are battling parts shortages.

Luxury electric vehicle maker Lucid stuck to its annual production target on Monday and said it had enough cash to start producing its much-awaited sport utility vehicles next year and into 2025, sending its shares about 4% higher in extended trading.

As the American electric wars heat up, carmakers – both old and new – make their cloak-and-dagger moves like true Sun Tzu strategists, blendi...