Lucid posts loss in first quarter despite increased revenue and production
Electric vehicle maker Lucid Group reported first-quarter 2026 revenue of $282.4 million, up 20% year-over-year, while vehicle production increased 149%. During the period, the company posted a net loss of $1.02 billion, compared to a net loss of $366.2 million in the first quarter of 2025. Operating losses widened to $989.4 million from $691.9 million…