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LCID
Benzinga
8 hrs

Lucid Has 'So Many Orders': EV Company Sees Strong Demand For Gravity SUV

1. Lucid Gravity SUV shows strong demand and ramped-up production. 2. Reports of low demand for Gravity SUV are deemed inaccurate by Lucid. 3. Lucid plans to honor $7,500 EV tax credit extension for customers. 4. Record deliveries sustained for six consecutive quarters; targets 18,000 to 20,000 in 2025. 5. Lucid positions itself above Tesla amidst increasing competition.

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FAQ

Why Bullish?

Positive statements on demand and tax credit could drive investor confidence. Historically, similar news in the EV sector led to stock surges, e.g., Tesla's recent performance.

How important is it?

The article highlights growing demand and production capabilities, essential for investor sentiment in LCID.

Why Short Term?

Immediate demand boost expected from the tax credit extension, influencing deliveries this fiscal year. Previous announcements have led to rapid price recoveries in short periods.

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