Core Insights - Lucid Motors reported a 68% year-over-year revenue increase to $340 million, which fell short of market expectations of $380 million [1] - The company incurred a net loss of approximately $980 million, compared to a net loss of $990 million in the same period last year [1] - Adjusted loss per share was $2.65, while the market had anticipated a loss of $2.27 [1] Financial Performance - Revenue increased by 68% year-over-year to $340 million, but was below market expectations [1] - Net loss was approximately $980 million, slightly improved from a net loss of $990 million in the previous year [1] - Adjusted loss per share was reported at $2.65, exceeding market expectations of $2.27 [1] Operational Highlights - Vehicle deliveries increased by 47% year-over-year to 4,078 units, although this was slightly below expectations [1] - The company is facing challenges in launching its new flagship SUV, Gravity [1] Funding and Support - Lucid has agreed to increase the credit line from its largest shareholder, the Saudi Arabian Public Investment Fund, from $750 million to approximately $2 billion [1]