Lucid Reports Q1 Earnings: Revenue Reached $172.7 Million

- Lucid Motors reported Q1 earnings with revenue reaching $172.7 million - The company saw a net loss of $684 million - Lucid shares surged 9.52% after the earnings report - The company produced 1,728 units of its Air luxury sedan in Q1 - Lucid plans to produce approximately 9,000 units this year - Lucid announced a partnership with Wallbox for EV chargers in Europe - Citigroup resumed coverage of Lucid Motors with a neutral rating and $2.90 price target

Summarized top reddit comments: - Revenue reached $172.7 million in Q1 - Some users are critical of Lucid's financial situation and potential for success - Concerns about Saudi backing and potential for bankruptcy - Mention of high losses per car delivered - Speculations about the company's future, potentially filing for Chapter 11 bankruptcy - Mention of Saudi investment in the company