Lucid Motors delivered a record 2,394 vehicles in Q2 2024, beating market expectations, and generated $200 million in revenue despite reporting a loss of $643 million.
Revenue Amount
$200,000,000
Organizations Involved
Saudi Arabia’s Public Investment Fund (PIF)
Founders
Peter Rawlinson
Company Description
Lucid Motors focuses on producing luxury electric vehicles, aiming to drive down costs and make electric vehicles more accessible while managing growth and investments strategically. The company is known for its technical advancements and has a robust financial position.