8 Hrs
Source:
الاقتصادية
Source: الاقتصادية
8 Hrsالاقتصادية
Source: الاقتصادية
8 HrsReady to play
Ready to play
Lucid reduced its free cash flow burn by 30% in the third quarter compared with the previous quarter, to $1.04 billion, while revenue rose 4% year over year to $350 million. The company expanded its credit facilities from the Public Investment Fund by $1.75 billion, bringing its pro forma liquidity to $3.75 billion—enough to cover expenses and major investments through the fourth quarter of 2027. Lucid has generated $800 million in savings since the start of the year as part of a $1.4 billion cash flow improvement plan. It expects to open its manufacturing facility in Saudi Arabia in early 2027 and begin production of its midsize vehicles in the second half of that year.
Notice: This Is an AI-Generated Summary
Comments (0)