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Home » EV Maker Lucid reports worse-than-expected loss in first quarter

EV Maker Lucid reports worse-than-expected loss in first quarter

Lucid expects to make 9,000 vehicles this year

Bloomberg NewsbyBloomberg News
May 6, 2024
in Earnings
Reading Time: 1 min read
0
A Lucid Air electric vehicle (EV) at the company's showroom in Tysons, Virginia, US, on Saturday, Feb. 17, 2024. Lucid Group Inc. is scheduled to release earnings figures on February 21. Photographer: Samuel Corum/Bloomberg

Photographer: Samuel Corum/Bloomberg

Lucid Group Inc. revealed a wider-than-expected loss to start the year as the company contends with production challenges and uneven demand for high-end electric vehicles. The automaker lost an adjusted 30 cents a share in the first quarter, according to a statement Monday. That was worse than the 25-cent loss expected on average in analyst […]

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