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Monday, March 4, 2024
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Tesla CEO Elon Musk Roasts Lucid Over Mounting Losses: 'Maybe They Can Make It Up In Volume'

Tesla Inc (NASDAQ:TSLA) CEO Elon Musk on Wednesday took yet another dig at luxury EV maker Lucid Group Inc after it reported its third-quarter earnings.

What Happened: Lucid reported a quarterly loss of 28 cents per share and revenue of 137.8 million on Tuesday. The company delivered 1,457 vehicles in the quarter and made 1,550.

Following the results, a Tesla investor took to X, formerly Twitter, to note that Lucid lost $433,081 for every vehicle that they delivered in the last quarter. Musk responded to the tweet with a snide, “Maybe they can make it up in volume.”



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