so there's a misleading narrative here, Matt, that all those costs are the cost of creating the car or the cost of our technology, and that's simply not true. So much of our finances are due to our long-term investments. We've just completed, or very nearly completed, a $3 million buildout of our state-of-the-art factory in Arizona. We've brought in logistics, we've brought in even stamping into a vertically integrated operation, and we've really expanded, brought under one roof, the world's most advanced powertrain manufacturing capability. No one has a facility quite like this. And also then we're building out a factory in Saudi Arabia, which will have a capacity for 15,000 units per annum. On top of that, we have the investment of bringing what I believe will be the world's best SUV, the Lucid Gravity, to fruition, scheduled for start of production later this year. And then we're also building out our sales and service network and investing in our midsize platform, which is going to be a landmark product for us, scheduled for

standard production late 26, so with all those investments for the long term, that's what's dominating our finance. And this is falsely read as it's costing too much. We've got the best technology in the world, and it is cost-effective technology. We can manufacture this, make no mistake.

Lucid CEO on when the EV maker will start making money #technology

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