Lucid built just 7,000 of its Air luxury sedans last year amid manufacturing challenges but expects to make between 10,000 and 14,000 vehicles in 2023.
Lucid's quarterly revenue marks a sharp increase from the same period last year, when it had just begun production of the Air sedan and brought in $26.4 million. The company's bottom line likewise improved, coming in narrower than the 64-cent loss per share it posted in the year-ago period.
The company ended the year with about $4.4 billion in cash and roughly $500 million available via lines of credit, enough to last until the first quarter of 2024, chief financial officer Sherry House told CNBC. Lucid had $3.85 billion in cash as Sep. 30; it from Saudi Arabia's Public Investment Fund and other investors via an equity offering in December. The Saudi public wealth fund owns about 62% of Lucid.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Bebe Rexha will headline Nickelodeon Kids’ Choice Awards 2023: how to watchThe awards will air live at 7 p.m. Saturday, March 4, 2023.
Lire la suite »
NJSIAA Wrestling: Region tournament brackets, 2023See where every wrestler has been seeded and follow the results throughout the tournament
Lire la suite »
American Idol 2023: Performances that brought the judges to tearsOne of the saddest moments ever on American Idol came at the end of the Season 21 premiere.
Lire la suite »
'Inside' Review: Willem Dafoe Descends into Madness in Unnerving Exploration of Art | Berlinale 2023With 'Inside,' Willem Dafoe continues to prove he's one of the greatest actors ever in this fascinating confinement thriller's exploration of art. Our Berlinale2023 review:
Lire la suite »
How Kate Middleton updated her BAFTAs 2019 dress for 2023 red carpetThe Princess of Wales dramatically switched up her accessories and hairstyle this time around, in addition to making tweaks to the gown’s design.
Lire la suite »
Pitch timer, shift limits and bigger bases: How new rules will impact MLB and the Guardians in 2023Each rule brings with it a host of subtle nuances that will alter the game from the way Guardians players and fans have come to know it over the past 10 seasons.
Lire la suite »