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Lucid Exceeds Q3 Revenue Forecasts Despite Growing Losses

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Source: Lucid Group
Lucid Exceeds Q3 Revenue Forecasts Despite Growing Losses
Photo: Lucid Group
TL;DR

Lucid Group, Inc. reported its Q3 2024 financial results, highlighting a 90.9% increase in vehicle deliveries compared to Q3 2023, with 2,781 vehicles delivered and 1,805 produced. The company generated $200 million in revenue but reported a GAAP net loss per share of $(0.41). Lucid ended the quarter with $5.16 billion in liquidity and completed a $1.75 billion capital raise in October 2024. The company is on track to produce approximately 9,000 vehicles in 2024 and has opened orders for its new Lucid Gravity SUV.

Topics:business#business#capital-raise#electric-vehicles#financial-results#lucid#production
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  1. Lucid Announces Third Quarter 2024 Financial Results  Lucid Group
  2. Lucid slightly tops Wall Street's third-quarter expectations amid widening losses  CNBC
  3. Lucid beats revenue estimates, reaffirms annual production  Reuters
  4. Lucid reports better-than-expected Q3 results; Gravity SUV on track for late 2024 production  Yahoo Finance
  5. Lucid (LCID) Q3 Earnings Preview: Here’s What to Expect  TipRanks

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