Lucid Group Stock: Still A Sell, Even At $2
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Lucid Group, Inc. faces significant financial challenges despite its impressive Air Saphire model. The company reported a Q3 loss of nearly $1 billion and a high cash burn rate, leading to concerns about continuous dilution and a 97% stock price decline.
November 12, 2024 | 2:30 pm
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Lucid Group, Inc. reported a Q3 loss of nearly $1 billion and a cash burn rate of $310M monthly. Despite beating revenue and EPS estimates, the company's financial struggles are evident with continuous dilution and a 97% stock price decline.
Lucid Group's financial performance is concerning with a significant Q3 loss and high cash burn rate. The continuous dilution and drastic stock price decline indicate potential short-term negative impact on the stock price.
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