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Lucid shares fall after earnings shock exposes mounting lossesLucid Drops After Earnings Reveal Delivery Weakness, Rising Losses
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Lucid Drops After Earnings Reveal Delivery Weakness, Rising Losses
LCID posts wider-than-expected Q1 loss and misses estimates as write-downs, costs and supplier issues hit margins, even as revenues grow and liquidity gets a boost.
Lucid reported a first-quarter loss of almost $1 billion. Wall Street was looking for a loss of about $864 million.