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InsideEVs
InsideEVs

Lucid Is Still Losing Money Fast: Q1 2024 Earnings Report

EV startup Lucid Motors reported a 39% increase in Air deliveries for the first quarter of 2024, with 1,967 units delivered. But it grew sales to a still-modest total while reporting a $598 million EBITDA-adjusted financial loss for the quarter. Clearly, it's a long road ahead for Lucid.

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