Lucid reports Q2 net loss of $790 million; Saudi fund pledges additional $1.5 billion to EV startup

Lucid delivered a record in the quarter and plans to launch a crossover this year. Lucid said its largest shareholder, Saudi Arabia's Public Investment Fund, will inject $1.5 billion in cash.

Lucid reports Q2 net loss of $790 million; Saudi fund pledges additional $1.5 billion to EV startup

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