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Lucid Group is navigating financial hurdles as it prepares to launch its Gravity SUV, which could significantly boost its production and revenue in 2025. Despite increased vehicle deliveries and revenue growth in 2024, the company remains burdened by heavy losses, rising debt, and shareholder dilution, raising concerns about its financial stability.12

Lucid Motors announced a leadership change as CEO Peter Rawlinson steps down, with Marc Winterhoff serving as interim CEO. The company also exceeded Q4 revenue expectations and plans to double vehicle production in 2025. However, Lucid continues to face competition and high operational costs, which remain key challenges.34

Lucid's reliance on Saudi Arabia's Public Investment Fund has extended its financial runway, but the company faces significant risks, including high cash burn and macroeconomic challenges. With increasing competition in the luxury EV market and potential policy shifts, Lucid's future remains uncertain despite its ambitious production goals.15