Lucid Motors Revenue Surged 123% in Q4 and Deliveries Hit a Record, but the Company Lost $814 Million in Three Months and the EV Shakeout Is Accelerating
Lucid Motors reported Q4 revenue of $523 million, up 123% year over year, and record vehicle deliveries, but its quarterly loss more than doubled to $814 million as the EV industry's capital burn intensifies.