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Lucid Delays Key SUV as Cash Burn Mounts; Unveils Luxury GT-S

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The Story

News Summary

  • Lucid Group continues to battle heavy cash burn, operational bottlenecks, and product delays, postponing its affordable Cosmos SUV.
  • While it introduced the high-end 2027 Gravity GT-S, the niche $128,000 vehicle is unlikely to generate meaningful sales volume or resolve persistent structural and margin challenges.
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TSLA price history

365.44 -12.53% over the displayed period

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