The Big Lucid Motors Project Gravity Update

Lucid Motors, LCID-Stock & Lucid Motors Project Gravity

Lucid dropped an unexpected shocker during its fourth quarter earnings conference, cutting this year's delivery targets and postponing the start of production on its Gravity SUV because of supply chain issues, not the regular ones that have been plaguing the business, but rather the unusual ones. And yeah the quality issue from the suppliers too. The startup no doubt makes some truly nice electric vehicles; their Air model was named MotorTrend Car of the Year in 2022, and it has the potential to eat some of the market share from Tesla. However, the delays and downsizing the targets have had a negative impact on the company's reputation. How far has Project Gravity been pushed back? Why was it delayed?
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