Lucid announces first quarter financial results

On May 6, Lucid released its first quarter financial report ending at the end of March. The financial report showed that Lucid's revenue in the first quarter was US$172.7 million, with an adjusted EBITDA loss of US$598.4 million, and 1,967 vehicles delivered in the first quarter. Lucid reiterated in the financial report that it would maintain its annual electric vehicle production target of approximately 9,000 vehicles.