Lucid Motors Q3 results are in and it’s almost good news

08 November 2024
Lucid Motors, despite exceeding revenue expectations and achieving record deliveries in Q3, continues to face financial challenges.

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  • Anonymous

They earned $573,359,000 for the first 9 months, but the expenses were $2,861,229,000 in total.
Net loss was $2.4 billion.
They produced only 1805 cars last quarter? 600 per month? 30 per working day? WTF?
I see a spectacularly failing business and that funding will cover only ~4 months of operations.


  • Anonymous

saudi money don't care. they are beyond rich/money.

  • Anonymous

Fascinating business scheme to say the least

  • Mikey

So Lucid has spent 1.2 billion to make 200 million in Q3. About a third of the loss is R&D, so you might subtract that, but that still leaves cars sold at 1/4 of what they cost to produce. It boggles my mind how this can be "almost good news", even by today's insane venture capital standards.

  • Romashka

Dont understand the math here. How it cant be almost good news if the company nearly 1 billion in losses?

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