Lucid CEO Peter Rawlinson said the auto maker expects to unveil its Gravity SUV later this year and launch the vehicle in 2024.
Shares of Lucid Group Inc. fell about 9% in the aftermarket Monday after the electric-vehicle startup reported steeper quarterly losses and tweaked its guidance for the year.
Lucid LCID lost $780 million, or 43 cents a share, in the first quarter, compared with a loss of $81.2 million, or 5 cents a share, in the year-ago quarter. Revenue rose to $149.4 million, from $58 million a year ago.
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