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Lucid Motors Q3 net loss narrows to $978 million; revenue surges 68% ahead of EV tax credit cutoff
Lucid Lucid (US:LCID) Yahoo Finance·2025-11-06 08:19

Lucid Motors reported a third-quarter net loss of 978million,a1.4percentimprovementfromayearearlier,asrevenuesurgedonrecordsalesbeforetheelectricvehicletaxcreditcutoff.Revenuerose68percentinthemostrecentquarterto978 million, a 1.4 percent improvement from a year earlier, as revenue surged on record sales before the electric vehicle tax credit cutoff. Revenue rose 68 percent in the most recent quarter to 337 million, the Newark, Calif., automaker said Nov. 5. Deliveries grew to a record 4,078 vehicles. The automaker’s stock price was flat in after-hours trading. Lucid had two vehicles on sale in the third quarter: the Air sedan, which went on sale in late 2021, ...