Lucid misses Wall Street’s earnings expectations, expands loan from Saudi Arabia fund
Summary
Electric vehicle maker Lucid failed to meet financial forecasts set by Wall Street for the recent quarter. Following these disappointing results, the company announced an expansion of its existing financial loan from a major Saudi Arabian fund.
The quarterly results are the first since Lucid CEO Silvio Napoli, who started leading the company in June, announced a restructuring plan.
Source: Read the full story at US Top News and Analysis
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