#Gravity

Lucid Reduces Cash Consumption 30% in the Third Quarter of 2026 and Expands Its PIF Credit Line by $1.75 Billion

Lucid reported third-quarter revenue of $350 million and said it cut free cash flow consumption by 30% from the prior quarter, to $1.04 billion. Lucid also said its delayed-draw loan facility with the Public Investment Fund of Saudi Arabia was increased by $1.75 billion, taking pro forma liquidity to $3.75 billion.

Lucid Stock Closes at Record Low After Falling 5.6% on October 30

Lucid shares ended Friday, October 30, at a record closing low of $3.02, leaving the EV maker’s stock down more than 71% so far this year. The close came in below the previous record low of $3.10 from October 19 as investors weighed Lucid’s weak deliveries, its funding needs and its upcoming November 9 earnings report.

Nuro CEO Defends LiDAR as Lucid-Uber Robotaxi Program Nears Launch

Nuro Co-Founder and Co-Chief Executive Officer Jiajun Zhu has outlined the engineering case for multi-sensor autonomy as Nuro, Lucid and Uber prepare to launch commercial robotaxi service in the San Francisco Bay Area later this year. In a set of four internal strategy memos shared publicly on Tuesday, October 27, Jiajun Zhu explained why the autonomous Lucid Gravity fleet pairs solid-state LiDAR and radar with cameras.

BMW Raises 2027 iX5 60 xDrive Range Estimate to 450 Miles Ahead of EPA Rating

BMW has bumped its projected EPA driving range for the upcoming 2027 iX5 60 xDrive—the first battery-electric X5—to as much as 450 miles on a charge, a 15-mile gain over the preliminary figure shared at its June reveal. The updated number remains an internal BMW projection rather than a certified federal rating, with official EPA figures expected in the next few weeks.

Lucid Begins Building Gravity GT-S Units, Says Shipments Will Start Soon

The update comes as Lucid’s website continues to list the model as available in late 2026, without a formally announced production start or first delivery date.

Lucid California Sales Fall 11.6% as Gravity SUV Declines for Second Straight Quarter

Lucid registered 1,011 new vehicles in California in the third quarter of 2026, down 11.6% from a year earlier and 10.8% from the previous quarter, according to California Energy Commission data. Sales of the Gravity SUV fell for a second consecutive quarter, while the Air sedan recorded its lowest quarterly total in the state’s registration data since the second quarter of 2023.

Lucid Faces Class Action Over 20,000-Vehicle 2022 Production Target

The class covers investors who acquired Lucid common stock between November 15, 2021, and August 3, 2022, as the four-and-a-half-year-old securities case moves toward trial or a potential settlement.

Lucid and Bolt Plan 25,000-Unit Robotaxi Fleet for Europe

The vehicles will be based on Lucid’s upcoming Midsize platform and designed for SAE Level 4 autonomous driving, with Bolt planning to own and operate the fleet.

Lucid Is a Penny Stock Again, But LCID Is Still Not a Buy: Barchart

The stock remains far above its July low, when shares briefly plunged to $2.37 amid the bankruptcy speculation, but much of the recovery has since disappeared. Lucid rejected those rumors, and the company continues to have substantial liquidity. Still, investors have plenty of reasons to remain cautious.

Lucid Gravity GT-S Debuts With 1,070 HP As Automaker Battles Mounting Losses

The Gravity GT-S starts at nearly $128,000 and uses the same drivetrain found in the discontinued Lucid Air Dream Edition. Lucid says the new model is the most powerful three-row electric vehicle in the United States, putting it ahead of the 1,025-horsepower Rivian R1S.

Lucid CEO Admits Company Fell Short as Midsize EV Launch Is Delayed

The comments came as Lucid reported a quarterly net loss of more than $1 billion and confirmed that its upcoming midsize electric vehicle has been pushed back to the second half of 2027.

Xpeng to Debut G9L SUV and Open Pre-Sales on August 11

Positioned as a large five-seat electric SUV, the G9L targets China’s competitive 300,000-yuan (about $44,180) segment and will serve as one of the company’s global flagship models.

Lucid Stock Extends Rally Ahead of Q2 Results as Investors Watch Cash Burn

While the stock has recovered sharply from recent lows, analysts and investors remain focused on the company’s cash burn, production outlook, and whether improving deliveries are translating into a stronger financial position.

Lucid Offers 0% Financing on Remaining 2026 Gravity SUVs

The promotion comes several months after the updated Gravity entered the market, suggesting Lucid is looking to accelerate sales of unsold 2026 vehicles.

BYD Launches Seal 08 With Standard Flash Charging on Every BEV and PHEV Model

Starting at 196,900 yuan (about $29,030), the new flagship sedan also debuts BYD’s second-generation Blade Battery and targets the growing premium EV market.

BYD’s New Flagship SUV Draws 150,000 Orders Before Deliveries Begin

Starting at 239,900 yuan ($35,500) and offering up to 950 kilometers (590 miles) of range, the new flagship model enters one of China’s most competitive EV segments with more than 150,000 pre-orders already secured ahead of deliveries.

Lucid Loses Key Engineering Executive Ahead of Critical Midsize EV Launch

Emad Dlala, Lucid’s senior vice president of engineering and software, has departed the company months after being promoted to oversee its Engineering and Digital division, creating another leadership challenge ahead of the launch of Lucid’s first midsize electric vehicle.

Lucid Completes Leadership Transition With New CEO Silvio Napoli

Napoli succeeds interim leadership following a period of transition and now takes responsibility for guiding Lucid through its next phase of growth.

Lucid Air Sapphire and Gravity Shine at Trinitē Road Rally

The rally took participants across a variety of Northern California roads, from winding mountain routes to small coastal towns, providing an extensive test of both vehicles under real-world conditions.

Lucid Restructures Norway Operations After Selling Just 31 Cars in 3 Years

The automaker is now moving operations from its central Oslo location to more modest facilities in Rud outside the city.