Lucid Motors Launches Orders for New Gravity SUV
The Gravity SUV, set to rival Tesla's Model X, marks a crucial step for Lucid's growth with production beginning late 2024.
- Lucid Motors has opened orders for its Gravity SUV, starting at $94,900 for the Grand Touring variant with 828 horsepower and a range of over 440 miles.
- The Gravity SUV offers luxury and functionality, seating up to seven passengers while maintaining a compact design for better maneuverability.
- Lucid's financial stability remains challenged as it continues to rely on funding from majority owner Saudi Arabia due to lower-than-expected sales.
- The Gravity's launch is pivotal for Lucid, aiming to boost sales in the North American market with its SUV format and upcoming more affordable Touring model.
- The vehicles are currently ineligible for the federal EV tax credit at the point of sale, though a $7,500 credit applies to leases, contingent on future policy changes.