Lucid Group Inc Ordinary Shares(LCID.US) shares fell approximately 2.4% at one point to US$2.46 on October 29 as the electric vehicle manufacturer announced it will begin accepting orders for its Gravity SUV on November 7. 

This move comes after a successful round of financing, as Lucid aims to expand its product lineup to compete with companies like Tesla Motors, Inc.(TSLA.US). 

The Grand Touring model is set to begin production later this year, with a starting price of US$94,900, while the Touring model will go into production in late 2025, starting at US$79,900.