‎Lucid reports 49% higher quarterly revenue, aims to double annual production

‎Lucid reports 49% higher quarterly revenue, aims to double annual production ‎Lucid reports 49% higher quarterly revenue, aims to double annual production

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Logo ofLucid Group

Lucid Group’s Q4 2024 revenue exceeded analysts’ expectations, driven by a strong increase in deliveries. The company also surpassed its annual production targets last year.
Meanwhile, CEO Peter Rawlinson stepped down from his position and will act as a technical advisor to the chairman.
In the earnings statement, the outgoing CEO said: “I am extremely proud of the achievements the Lucid team has accomplished together during my twelve-year tenure. It has been an honor to lead this world-class team.”

 

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Logo ofLucid Group

Lucid Group’s Q4 2024 revenue exceeded analysts’ expectations, driven by a strong increase in deliveries. The company also surpassed its annual production targets last year.
Meanwhile, CEO Peter Rawlinson stepped down from his position and will act as a technical advisor to the chairman.
In the earnings statement, the outgoing CEO said: “I am extremely proud of the achievements the Lucid team has accomplished together during my twelve-year tenure. It has been an honor to lead this world-class team.”
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