Lucid Is Making Progress, Just Not Enough to Make a Profit

Lucid (NASDAQ: LCID), like all companies, wants to accentuate the positives when it reports financial results. The big positive in 2024 was the fact that the electric vehicle (EV) maker produced a record number of vehicles in each quarter of the year. That's great news and helped the company deliver on a promise.But there's still one important goal that's a long way away.Lucid is attempting to build an electric vehicle company from scratch. At the start of 2024, management set a target of producing 9,000 vehicles for the year. It achieved that goal, with total production of 9,029 of its cars. It is important for companies to live up to their promises, so this is a good thing.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool