Lucid

The Lucid Gravity goes on sale in Germany at €143,000. A test shows why the equipment, driving performance and build quality justify the high price. At the same time, Lucid faces existential difficulties and the company’s future hinges on the success of the Gravity. » More on welt.de

Lucid announced it will push the midsize Cosmos SUV launch to most likely the second half of 2027 as part of an operational reset while Gravity production and recalls are still being resolved. The company reported wider-than-expected Q2 losses, negative free cash flow of $1.48 billion, and exited Q2 with $3 billion liquidity but only about $730 million in cash. Management is targeting about $1.4 billion in cash flow improvements — $600–800 million in inventory savings, $500 million in capex cuts and $200 million in operating expense reductions — and has implemented layoffs totaling roughly 20% of U.S. staff. The delay reduces near-term launch costs but highlights ongoing execution, supply and liquidity risks that keep the stock a high-risk investment. » More on finance.yahoo.com

Lucid posted a net loss of more than $1 billion in the second quarter on revenue that rose 56% to $405 million. Cash and cash equivalents fell to around $733 million and free cash flow was negative $1.48 billion. Production and deliveries increased, but the company remains far from profitability and did not issue a new forecast for the year. CEO Napoli announced an operational restructuring and $1.4 billion savings program, after which the stock fell sharply. » More on finanzen.net