Lucid's Financial Performance and Shareholder Support in Q2 2024

Lucid has reported a strong financial performance for the second quarter of 2024, with revenues reaching $200.6 million, exceeding Wall Street's expectations This increase has been attributed to enhanced production and an uptick in deliveries Alongside its revenue achievements, Lucid has secured an additional $1.5 billion in funding from its primary investor, the Public Investment Fund of Saudi Arabia, substantially bolstering its financial position..