Lucid Motors reported its Q1 2024 earnings, revealing a mixed financial performance. The electric vehicle manufacturer posted a revenue of $172.7 million, surpassing the estimated $159 million but falling short of the expected $182.5 million. Despite increased vehicle production and deliveries, with 1,728 vehicles produced and 1,967 delivered, the company reported a significant net loss of $684 million, a slight improvement from the previous quarter's $780 million. Adjusted EPS was -$0.30, missing the anticipated -$0.25. The company also raised $1 billion from an affiliate of the Public Investment Fund, ending the quarter with approximately $5.03 billion in liquidity.