(Reuters) -Luxury electric vehicle maker Lucid stuck to its annual production target and said it had enough cash to start producing its much-awaited sport utility vehicles next year and into 2025, sending its shares nearly 5% higher in extended trading. The company reported second-quarter earnings and revenue below market expectations, but its strong liquidity after a $3 billion stock offering led by majority-owner Saudi Arabia's Public Investment Fund in June has given it an advantage over cash-poor peers that are battling parts shortages. "We are not limited by our ability to manufacture," CEO Peter Rawlinson told Reuters.