Lucid’s adjusted loss was $2.65 a share in the third quarter, compared with the $2.05 average deficit expected by analysts, the company said in a statement. Revenue of $336.6 million in the period also lagged Wall Street’s expectations.
The EV maker faces a steep climb to reach its previously stated goal of building 18,000 to 20,000 vehicles by year end. Even so, it expects to hit the lower end of the range, Interim Chief Executive Officer