Lucid Group reported its third-quarter 2024 earnings, slightly surpassing Wall Street expectations. The company posted a loss per share of $0.28, better than the expected $0.30, and revenue of $200 million, exceeding the anticipated $198 million. Despite a net loss of $992 million, up from $630 million in the same quarter last year, Lucid maintains a total liquidity of $5.16 billion. The company also raised $1.75 billion in capital and reaffirmed its annual production targets. CEO and CTO Peter Rawlinson described Q3 2024 as a 'landmark' quarter for Lucid. Additionally, Lucid has secured funding to sustain operations well into 2026 following the launch of its Gravity SUV. The company also reported a record Q3.