The announced operational loss exceeded analysts' expectation of a $752 million loss. Lucid reported it had $5.16 billion in liquidity, including $4.03 million in cash and equivalents, as of Sept. 30.

However, The Information's report suggests that OpenAI just isn't making anywhere near enough money and could be on track to post an operational loss of $5 billion by the end of the financial year.

Lucid’s stock took a deep dive in early Thursday trading, after the EV maker called for larger-than-expected operational losses and quarterly revenue that would be slightly ahead of forecasts.

OpenAI, the San Francisco start-up behind ChatGPT, has been telling investors that it is making billions from its chatbot and that it expects to make a lot more in the coming years.