LUCID Q3 LOSSES WIDEN AS GRAVITY SUV PRODUCTION IS 'RAMPING UP,' MIDSIZE EV ON TRACK FOR 2026 RELEASE
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βοΈ Lucid Motors, a pure-play electric vehicle (EV) maker, reported its third-quarter results, missing revenue estimates and posting a wider-than-expected loss, despite an increase in sales.
π Lucid reported Q3 revenue of $336.6 million, up 68% from the same period last year π The company posted an adjusted loss per share of $2.65, wider than the expected loss of $2.05 π Lucid reported a loss of $717.7 million in adjusted EBITDA, compared to the expected loss of $614.8 million π The company's free cash flow burn increased to $955.5 million, up from $622.5 million a year ago π Lucid confirmed its upcoming midsize vehicle is still on track for a late 2026 release
-- #TaoufiqBoussaid #MarcWinterhoff #TimothΓ©eChalamet #SaudiArabia #Arizona #business
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