Lucid reports Q1 net loss USD 685 million
On May 6, showing the result of recent price cuts, the Lucid Group reported Q1 revenue of USD 172.74 million, up 15.6% from a year ago, on deliveries of 1,967 vehicles, which was up 39.9% compared to Q1 2023.
Lucid produced 1,728 vehicles in Q1 and is on track for 2024 annual production of approximately 9,000 vehicle