Shares of Lucid Group Inc. fell more than 5% in the aftermarket Monday after the electric-vehicle startup reported steeper quarterly losses and tweaked its...
Shares of Lucid Group Inc. fell more than 5% in the aftermarket Monday after the electric-vehicle startup reported steeper quarterly losses and tweaked its guidance for the year.
Analysts... Shares of Lucid Group Inc. fell more than 5% in the aftermarket Monday after the electric-vehicle startup reported steeper quarterly losses and tweaked its guidance for the year. The company said it ended the quarter with about $4.1 billion in total liquidity, which it expects to provide funding “at least into the second quarter of 2024.”
Chief Executive Peter Rawlinson said the company expects to unveil its Gravity SUV later this year and launch the vehicle in 2024.
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