Peter Rawlinson emphasized, 'We have the longest-range cars, but there's something much more important than that. It's how we achieve it. We achieve it through less.' This highlights Lucid's commitment to efficiency and innovation in designing their vehicles.
The Lucid Air sedan is considered the most technologically advanced vehicle globally, holding the record for the longest range at over 500 miles. Its Sapphire variant accelerates from 0 to 60 mph in under 2 seconds.
In Q3 2024, Lucid reported $200 million in revenue, exceeding Wall Street expectations. Rawlinson described this quarter as 'landmark', reflecting the company's improved financial outlook.
Gagan Dhingra noted improvements in gross margin performance due to cost reduction efforts. He highlighted the support from the Public Investment Fund and institutional investors in facilitating this growth.
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