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Lucid reports $173 million in revenue and $684.7 million net loss in Q1

  • Luxury electric vehicle maker Lucid Motors reported its Q1 earnings.
  • Lucid reported a net loss of $684.7 million, down from $779.5 million in the same period last year.
  • The company reported revenue of $173 million, compared to $149 million in Q1 2023.
  • Lucid ended the quarter with cash equivalents of $2.2 billion, up from $1.4 billion in Q4.

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