Lucid Group(NASDAQ:LCID) reported quarterly deliveries of over 2,000 vehicles for the first time earlier this week. While it has consistently reduced the amount of loss per vehicle over the previous four quarters, it remains to be seen if it can amp up its pace as it aims to become profitable.
Lucid's Loss-Making Streak: For the first quarter of this year, Lucid reported a loss of $117,975 per delivery, not including overhead costs. While this has reduced significantly from the fourth quarter of 2021, when the company started deliveries and reported a loss of over $1 million for each of the...
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