Lucid reported mixed Q4 results today. Revenue came in at $522.7M, beating estimates significantly thanks to the Gravity SUV ramp. However, losses were wider than expected at $3.08 per share compared to the $2.68 forecast. The stock dropped 4% in premarket trading. Cash burn remains high, with $1.24B used in the quarter. Management says their $4.6B in total liquidity gives them runway until the first half of 2027, but they acknowledged they will need to raise more capital eventually. Production guidance for 2026 is set between 25,000 and 27,000 vehicles.