After the market closed on August 7, Lucid Group, Inc. (NASDAQ: LCID) reported another disappointing quarter, which includes what has become an astonishing (and unfortunately consistent) degree of cash burn. More specifically, Lucid’s second quarter 2023 revenue and adjusted EBITDA were US$151 million and a loss of US$710 million, much worse than analysts’ expectations of US$177 million and … Continue reading Lucid Burned Almost A Billion Dollars In Q2