Lucid announces second quarter 2024 financial results, with a net loss of US$790 million

Lucid Motors, an American electric car manufacturer, released its financial report for the second quarter of 2024, showing revenue of US$201 million, a year-on-year increase of 33%; net loss attributable to common shareholders was US$790 million, a year-on-year increase of 3.4%. Lucid said that as of the end of the second quarter, the company held US$4.3 billion in cash, cash equivalents and investments.