The company reported solid results, exceeding expectations for both revenue and earnings per share.
Production and deliveries grew significantly from the previous year, and the company also achieved its goal of manufacturing over 9,000 vehicles during the year. The company has a strong financial position and considerable liquidity.
In 2025, production is expected to double to approximately 20,000 vehicles. The company also announced a change in CEO, where the current CEO will transition to an advisor role, and the COO will then step in as interim CEO.
https://x.com/LucidOasis/status/1894495180738216146
Official material:
