Coming up on podcast 1889, Lucid's finances wobble, but the products look good.

The MG4 gets an extended range and Tesla's new tents.

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for Wednesday, 9th of August.

My name is Martin Lee,

and I've been through every EV story

in the past 24 hours, so you don't have to.

Lucid Motors, financial results for Q2,

we're below expectations.

Revenue, 151 million, not 176 million expected. A net loss of 764 million,

a big increase from the 404 million a year ago at the same time. And the story there is just that

they're making the vehicles, but not in big enough numbers, they're still losing money.

The gravity is the SUV that will be unveiled in November, but it won't be in production until at least the end of next year.

So for now, they are surviving on the air.

Lucid's liquidity was $6.25 billion.

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