Lucid exceeds revenue forecasts in Q1 despite stock decline

2024-05-09 14:30

Indi EV

American EV-startup

business

speculative

Lucid Group reported first-quarter revenue above analysts' estimates at $172.7 million.
Despite a stock decline, the company is on track for the debut of its Gravity SUV in late 2024.
Investor concerns over EV demand and the company's cash position remain at the forefront.

President Joe Biden announced Sunday that he will end his presidential re-election campaign, bringing an abrupt and humbling conclusion to his half-century-long political career and scrambling the race for the White House less than four months before Election Day.

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Indi EV

American EV-startup

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