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Lucid Group Records $1.08 Billion Loss in Q3

Associated Press +2 · ·by G4L

LCID
LCID Lucid Group Inc
$3.60 +9.42%
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  1. 1Lucid Group announced a loss of $1.08 billion for the third quarter on Monday.
  2. 2Lucid Group recorded a loss of $2.74 per share.
  3. 3Lucid Group recorded revenue of $350.3 million during the period.

So what's the key point?

Lucid Group reported a loss of $1.08 billion in the third quarter. This means the company spent much more money than it earned.

Source Associated Press +2 · View original ↗

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