After Lucid Group’s (LCID) stock price reached a new all-time low this week, the company’s communication boss is out to set the record straight.

Lucid stock hits a new low as investors wait

Lucid is facing new headwinds in the US at a critical time as the EV maker looks to enter its next growth phase. It’s ramping up output of its first electric SUV, the Gravity, and is set to launch its midsize platform in late 2026.

Like all automakers, the company is facing new headwinds in the US under the Trump administration, but that isn’t stopping Lucid from continuing on its mission of “changing the world through innovation and efficiency.”

Lucid’s head of communications, Nick Twork, reassured investors on Thursday that while others are pulling back, the company is still plowing ahead.

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“We know it’s been a challenging period for our long-term holders,” Twork said, adding, “We are focused on execution and being transparent.” Twork reaffirmed investors that Lucid has “a strong liquidity runway,” including a $2 billion PIF credit facility, and another $2 billion in refinanced convertible notes that now mature in 2030/31.

$LCID investors: we know it’s been a challenging period for our long-term holders. We are focused on execution and being transparent. As our CFO Taoufiq has said, we have a strong liquidity runway, including an undrawn $2B PIF credit facility, and we refinanced $2B of converts… pic.twitter.com/4gvzFqmpLj

— Nick Twork (@ntwork) December 18, 2025

While other automakers are scaling back EV plans, including Ford most recently, “we’re building through it and ramping,” Lucid’s communications boss said.

After a magnet shortage and other supply chain constraints hampered Gravity production early on, Lucid now expects the electric SUV to make up the majority of production and deliveries in the fourth quarter.

Speaking at the 53rd Annual Nasdaq Investor Conference last week, Lucid’s interim CEO, Marc Winterhoff, said the company “is on track” to hit its guidance of producing 18,000 vehicles this year. That’s at the lower end of its initial 20,000 to 18,000 target, but Winterhoff said output is picking up and Lucid now has “weeks where we are producing 1,000 vehicles” in a single week.”

Hitting that 18,000 target won’t be easy. Through the third quarter, Lucid produced 9,966 EVs, meaning it will need to build over 8,000 more in Q4. That’s more than double the 3,891 it made in the third quarter.

Lucid had about $4.2 billion in liquidity at the end of Q3, but after agreeing with PIF to increase the delayed draw term loan credit facility (DDTL), the company said total liquidity would have been around $5.5 billion.

The capital is enough to fund it through the first half of 2027, Lucid said. Later next year, Lucid will begin production of its midsize platform, which will underpin at least three new vehicles priced around $50,000.

Lucid’s first midsize model will be an electric crossover SUV, followed by a more rugged version inspired by the Gravity X concept. The third is rumoured to be a midsize sedan that will compete with the Tesla Model 3.

During a fireside chat at the UBS Global Industrials and Transportation Conference earlier this month, Lucid’s CFO, Taoufiq Boussaid, said the midsize EVs will be positioned in “the heart of the market,” starting at around $50,000.

While Rivian (RIVN) and Tesla (TSLA) shares are trading up by over 50% and 27%, respectively, since the beginning of 2025, Lucid’s stock price has fallen by over 60%. Earlier this week, Lucid’s stock touched an all-time low of $11.09 per share.

Twork said Lucid will share more information about its growth plans during its Capital Market Day in the first quarter.

Like a 90s “gifted” kid that was supposed to be a lot of things, the electric Jeep Wagoneer S was supposed to be sporty, luxurious, and appeal to a whole new Jeep buyer. Despite being a decent vehicle, it never really found its place — but now that Jeep is offering nearly $17,000 off select models, it might be time to give the go-fast Wagoneer S a second look.

Whether we’re talking about Mercedes-Benz, Cerberus, Fiat, or even Enzo Ferrari, there have been no shortage of corporate outsiders have labeled Jeep as a potentially premium brand that could, “if managed properly,” command luxury-level prices all over the globe. That hasn’t happened, and Stellantis is just the latest in a long line of companies to sink massive capital into the brand only to realize that people will not, in fact, spend Mercedes money on a Jeep.

“Stellantis bet big on electric versions of iconic American brands like Jeep and Dodge, but consumers aren’t buying the premise,” wrote CDG’s Marcus Amick, back in June. “(Stellantis’ dealer body) is now stuck with expensive EVs that need huge discounts to move, eating into already thin margins while competitors focus on [more] profitable gas-powered vehicles.”

To get its prices back in line with the market’s expectations, Jeep is slashing prices with lots of cash on the hood. That includes a hefty $15,250 incentive on select Wagoneer S trims listed as a “2025 National EV Credit Select Inventory Retail Bonus Cash” offer by Greenville Chrysler in Greenville, Texas — which seems like it would be stackable with $1,500 in National Stellantis Loyalty Retail Bonus Cash as well, for a total of $16,750 in incentives before any additional dealer discounts come into play.

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All of which is to say: if you’ve found yourself drawn to the Jeep Wagoneer S, but couldn’t quite stomach the $70,000+ window stickers, you might want to check in with your local Jeep dealer and see how you feel about it at a JCPenneys-like 30% off!

Original content from Electrek.

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Volvo CE is getting into the spirit of the holidays with the donation of a band-new, $100,000 Volvo ECR25 Electric mini excavator to the Westfield Technical Academy’s horticulture department in Massachusetts.

School staff, including Nathan Sperry, the head of Westfield’s horticulture department, told Mass Live that he’s excited about the donation. And, because it has no harmful emissions, his students will be able to use the electric mini excavator indoors for training over the cold winter months, ensuring they’ll be able to take on jobs on live construction sites as soon as the weather clears. “Currently, students train on a simulator,” he told reporters. “Now, they can get on the real machine after lessons.”

Those students will be learning on a state-of-the-art machine. One that’s equipped with a 2.5 tonne (~5,500 lbs.) capacity that’s powered by an 18 kW (~20 hp) electric motor fed by a 20 kWh li-ion battery pack that promises up to four hours of continuous operation.

And, if you’ve ever driven past a job site and seen an idle machine, you already know that four continuous hours of work is plenty — but when it’s not enough, the ECR25 Electric can be connected to a 50 kW DC fast charger and be back to work in under an hour.

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The donation of the ECR25 Electric, valued at a total of $100,000, was made possible by a number of stakeholders, including J.L. Raymaakers Construction, Tyler Equipment Corp., and Volvo CE. You can learn more about the donation in the WWLP-22News report, below.

Electrek’s Take

There seem to be a number of fresh news stories about Volvo donating electric equipment to schools — and that’s awesome. Apple pursued a similar strategy getting into school computer labs a generation ago and now my kids are learning on iPads all day while Mac and iPhone sales continue to be the envy of the industry.

Mark my words, gang: a generation of operators and technicians who grew up wrenching on battery electric Volvo machinery won’t want to grease up and slide under a diesel.

SOURCE: WWLP-22News, via Construction Equipment; featured image by Volvo CE.

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