Lucid Q3 losses widen as Gravity SUV production is 'ramping up,' midsize EV on track for 2026 release

Pure-play EV maker Lucid (LCID) reported third quarter results that missed the mark on Wednesday, as losses piled on despite sales pulling higher, ahead of the EV tax credit expiration. However, the company confirmed its upcoming midsize vehicle was still set for a late 2026 release. Lucid reported Q3 revenue of $336.6 million versus $367.54 million, per Bloomberg consensus, though the figure was up 68% compared to a year ago. Lucid posted a wider-than-expected loss, with an adjusted loss per share of $2 ...