Lucid, the electric vehicle manufacturer, is set to unveil its first-quarter financial results today, addressing concerns about EV demand and its financial position.
Analysts anticipate Lucid to announce revenue of $150.1 million with an adjusted loss per share of $0.25. The company’s adjusted EBITDA loss is projected to be $505.1 million, according to Bloomberg estimates.
In the previous quarter, Lucid produced 1,728 vehicles and delivered 1,967, showing an improvement from the fourth quarter. The company aims to produce 9,000 vehicles by 2024, building on the 8,428 vehicles it manufactured last year.
Investors are curious about the scalability of Lucid’s vehicles, especially given the price range starting at $69,000.
2024-05-06 14:21:11
Originally posted on finance.yahoo.com