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BTCC / BTCC Square / Global Cryptocurrency /
Lucid Group (LCID) Stock: Can New SUV Turn Around Struggling EV Maker?

Lucid Group (LCID) Stock: Can New SUV Turn Around Struggling EV Maker?

Author:
Global Cryptocurrency
Published:
2025-06-25 11:19:02
19
3
BTCCSquare news:

Lucid Group delivered 3,109 vehicles in Q1 2025, a 58% year-over-year increase, marking its sixth consecutive quarter of record deliveries. The company's new Gravity SUV, targeting a market six times larger than its Air sedan, is expected to drive 73% sales growth in 2025. However, leadership uncertainty looms as CEO Peter Rawlinson steps down after 12 years, following a $400 million Q4 loss.

Former Tesla customers are increasingly switching to Lucid amid political backlash against Elon Musk. Saudi Arabia's Public Investment Fund, owning 60% of Lucid, provides critical funding but introduces dependency risks. The Gravity SUV's launch positions Lucid to capitalize on shifting consumer preferences in the EV market.

|Square

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