📢 Lucid reports Q1 net loss of $685 million and revenue of $173 million as cash burn continues. Stock price sinks 7% in after-hours trading. 😬💰 #LucidMotors #Q1Earnings
Lucid’s net loss was an improvement over the $780 million loss in first-quarter 2023, but its stock price sank 7 percent in after-hours trading Monday to $3.05 per share.