Via Akash Sriram and Abhirup Roy in reuters.com: “Luxury electric vehicle maker Lucid (LCID.O) stuck to its annual production target on Monday and said it had enough cash to start producing its much-awaited sport utility vehicles next year and into 2025, sending its shares about 4% higher in extended trading. The company reported second-quarter earnings and revenue below market expectations, but its strong liquidity after a $3 billion stock offering in June led by its majority owner, Saudi Arabias Public Investment Fund, has given it an advantage over cash-poor peers that are battling parts shortages.”
