Lucid Motors reported a significant shift in its revenue mix during the third quarter, with sales in Saudi Arabia more than doubling while its U.S. revenue declined by 10 percent. The divergence highlights the company's growing reliance on the Middle East market as domestic demand softens. The results underscore the strategic importance of Lucid's partnership with Saudi investors in sustaining its business amid challenges in its home market.
Lucid’s Saudi Revenue More Than Doubles in Q3 as U.S. Revenue Falls 10% Electric Vehicles
