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Lucid Motors Q3 net loss narrows to $978 million; revenue surges 68% ahead of EV tax credit cutoff
Yahoo Finance· 2025-11-06 08:19
Lucid Motors reported a third-quarter net loss of $978 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, ...