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Electric vehicle start-up Lucid on Sept. 28, 2021 said production of its first cars for customers has started at its factory in in Casa Grande, Arizona.
Lucid
Electric vehicle maker Lucid on Wednesday reported fourth-quarter revenue that fell short of expectations after building just 7,000 of its Air luxury sedans last year amid manufacturing challenges. But the company said it expects to make between 10,000 and 14,000 vehicles in 2023.
Shares of the company fell roughly 7% in afterhours trading.
Here’s what the company reported for the fourth quarter of 2022:
- Loss per share: 28 cents
- Revenue: $257.7 million, vs. $303 million, according to Refinitiv consensus estimates
Lucid’s quarterly revenue…
Source cnbc.com
