Lucid has an ambitious EV game plan following massive losses
Its new CEO teased an upcoming product for later this year.
Shortly after the closing bell on February 25, Tesla rival Lucid Motors (LCID) reported its Q4 2024 and full-year results, which saw the automaker post another quarter of eyewatering losses.
For Q4 2024, Lucid reported a net loss of $397 million, following a solid streak in the red. In total, the automaker had a net loss of $2.7 billion in 2024, amounting to a loss of about $300,000 from every vehicle it produced.
