Lucid's deliveries to grow 71% in 2024, but losses remain to be resolved

The financial report shows that Lucid delivered a total of 10,241 new cars in 2024, a year-on-year increase of 71%. Although Lucid achieved certain results in revenue and delivery in 2024, the loss problem is still a major obstacle to its development. In 2024, Lucid's operating loss reached US$3.021 billion and its net loss was US$2.714 billion. Although the operating loss and net loss narrowed compared with 2023, the loss amount is still huge.