Overview

• Interim CEO Marc Winterhoff said customer reactions to the new Gravity SUV have been phenomenal despite a slower-than-desired production ramp
• Lucid reaffirmed guidance to produce about 20,000 vehicles in 2025 without specifying how many will be Gravity models
• The company completed a 4,971-mile Arctic Circle validation drive to tailor the Gravity SUV for European launch requirements
• US registrations rose to 975 in May, up from 820 in April, marking a 74.4% year-over-year increase as Air and Gravity deliveries accelerate
• Lucid confirmed plans for three new midsize EVs starting in late 2026 with entry prices around $50,000 to broaden its lineup