EV maker reports Q2 revenue, earnings miss; reiterates Gravity SUV on track

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Luxury electric vehicle maker Lucid (LCID) reported second quarter financial results the missed the mark, though the automaker reiterated it would hit its annual production target, and confirmed the upcoming Gravity SUV would be revealed later this year. Lucid stock was trading higher in after-hours trading.

For the quarter, Lucid reported top-line revenue of $150.9 million, below consensus estimates of $176.63 million. Lucid’s Q2 adjusted EPS loss of $0.40 also missed Wall Street…

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