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Lucid liquidity up $1.75B

Lucid liquidity up $1.75B

Lucid reduced its free cash flow burn by 30% in the third quarter compared with the previous quarter, to $1.04 billion, while revenue rose 4% year over year to $350 million. The company increased its loan facilities from the Public Investment Fund by $1.75 billion, bringing its pro forma liquidity to $3.75 billion. It said this would be sufficient to cover operating expenses and major investments through the fourth quarter of 2027. Lucid has also achieved $800 million in savings since the start of the year under a plan targeting a $1.4 billion improvement in cash flow.

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