Lucid began series production of its Gravity luxury electric SUV in 2024, positioning the model as the centerpiece of its expansion. The Gravity delivers up to 1,050 horsepower and accelerates from 0–60 mph in under 3.5 seconds, while offering an EPA-estimated range exceeding 350 miles. In 2025, the SUV accounted for roughly 45 percent of all Lucid deliveries, driving a year-over-year unit sales increase of 38 percent and helping the company surpass 15,000 total vehicles delivered for the first time.

In early 2025 Lucid finalized the purchase of two former Nikola manufacturing sites in Arizona, adding 1.2 million square feet of assembly capacity and significantly reducing capital expenditure needs for production ramp-up. Concurrently, Lucid’s long-time COO assumed interim CEO responsibilities following the previous CEO’s departure. The company also forged a robotaxi partnership with Uber to deploy up to 50 autonomous Gravity SUVs for ride-hailing trials, and entered a technology collaboration with Nvidia to integrate next-generation AI compute modules into both production vehicles and future mobility services.

Despite reaching a December 2025 peak production rate of 1,000 vehicles per week, Lucid reported a full-year revenue of $1.52 billion and an operating loss of $3.72 billion, equating to a loss of approximately $230,000 per vehicle sold. Unsold inventory stood at 3,856 units at the end of Q3 2025, reflecting dealer caution amid recent price adjustments of up to 15 percent on key models. Analysts projecting Lucid’s future share performance anticipate upside potential of 140 percent in 2026 and up to 300 percent by 2030, supported by sustained sales growth, expanded production capacity and continued support from the Saudi Public Investment Fund.