Lucid Motors announced its Q4 2021 and full-year results on Monday and also shared an update on its vehicle line up and planned factories. As of February 28, 2022, Lucid says production to date has exceeded 400 cars, with 125 vehicles delivered to customers as of year-end 2021, for a total of 300 deliveries to date. Ramping up production is difficult for any new EV startup. Lucid Motors had targeted 500 vehicle deliveries. The company touted reservations now exceeding 25,000, "reflecting potential sales of more than $2.4 billion." Lucid's Q4 revenues were at $26.4 million, with $21.3 million in sales of its Lucid Air sedan. The company posted an operating loss in Q4 of $485.7 million. For the full year of 2021, Lucid Motors saw an operating loss of $1.53 billion. But Lucid Motors also cut its 2022 production numbers, now at 12,000 to 14,000 vehicles. During Lucid's Q3 earnings, the company said it would be able to produce 20,000 vehicles in 2022. But the reduction is now to due supply chain constraints.