Lucid Group's deliveries and revenue have grown, but they fall short of early guidance, reflecting a reset of expectations amid a challenging macro environment. The company faces significant cash burn, with a negative free cash flow of $41.3 million in the recent second quarter and a constricted liquidity runway. Continuous funding from Saudi Arabia's PIF is crucial, but future infusions are at...
This fintech disruptor has already rebounded sharply, but it could be just the beginning.
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