SAN FRANCISCO, Nov 5 (Reuters) - Lucid reported

third-quarter revenue below analysts' estimates and a

bigger-than-expected loss on Wednesday, despite a jump in

deliveries sparked by now-expired tax credits, as the EV maker

grappled with production constraints and rising costs.

The company also said the Public Investment Fund, its

largest shareholder, had agreed to increase a credit facility to

about $2 billion from $750 million.

The facility remains undrawn, Lucid said. But the money is

crucial for the company, known for its Air luxury electric

sedans, as it ramps up production of its recently launched

Gravity SUVs and prepares to roll out a more affordable mid-size

vehicle next year.

Apart from a hit from high tariffs imposed on auto part

imports, Lucid, like some its rivals, has been combating a slew

of supply-chain challenges, including a chip shortage, uncertain

supplies of rare earths and a fire in September at an aluminum

supplier.

That led to a slower-than-expected rise in production of the

Gravity SUV and, to some extent, the Air. The company has

resolved some of the supply constraints and has added a second

shift to bump up production, CEO Marc Winterhoff had told

Reuters at its Automotive USA 2025 conference late last month.

Lucid lowered its annual production forecast in August and

expects to make between 18,000 and 20,000 vehicles this year.

The company did not provide an update on that forecast in its

filing on Wednesday. Six analysts on average expect Lucid to

produce 17,320 vehicles this year.

While anticipation of the removal of a $7,500 tax credit on

electric vehicle purchases at the end of September led to a

buying frenzy last quarter, analysts expect demand to drop

through the rest of the year.

For the quarter ended September, Lucid reported a 68% jump

in revenue to $336.6 million, but well below analysts' average

expectations of $379.1 million, according to data compiled by

LSEG.

The company posted an adjusted loss of $2.65 per share,

compared with the estimate of a $2.27 loss.