Saudi Arabia keeps pouring money into an unprofitable California EV startup ...Middle East

Lucid just reported a second-quarter net loss of $790 million even though it recorded a record number of sales for its Air electric sedan in the April-June period. Somehow, the loss was 3.4 percent higher than it was during the same quarter last year. Second-quarter revenue was $201 million, which is a 33 percent…Read more...

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