May 9, 2024, 12:30 PM
May 6, 2024, 7:21 PM
Lucid exceeds revenue forecasts in Q1 despite stock decline
- 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.
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