Lucid reported its third-quarter 2024 financial results, slightly above Wall Street expectations.

Lucid CEO and CTO Peter Rawlinson described the third quarter of 2024 as a “historic” quarter for the company.

Lucid reported third-quarter revenue of $200 million, ending with $5.16 billion in total cash.

The company also reported a net loss per share of $0.41, and Lucid completed a $1.75 billion capital raise in October 2024.