Lucid Motors Q3 results are in and it’s almost good news Comments
- Sterngard
- gPg
I just leased a fully-loaded Air GT at a giveaway price. If I can lease a car that costs $300k to make, and the Saudi Sovereign Wealth Fund loses %200k on the deal, that's a win-win.
The car is exceptional, much more solid than my Audi etron and etron GT. They seem like toys compared to the Lucid.
- Anonymous
- 0Cg
They earned $573,359,000 for the first 9 months, but the expenses were $2,861,229,000 in total.
Net loss was $2.4 billion.
They produced only 1805 cars last quarter? 600 per month? 30 per working day? WTF?
I see a spectacularly failing business and that funding will cover only ~4 months of operations.
- Mikey
- yJt
So Lucid has spent 1.2 billion to make 200 million in Q3. About a third of the loss is R&D, so you might subtract that, but that still leaves cars sold at 1/4 of what they cost to produce. It boggles my mind how this can be "almost good news", even by today's insane venture capital standards.
- Romashka
- Fvc
Dont understand the math here. How it cant be almost good news if the company nearly 1 billion in losses?
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