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LUCID elucidation
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lucid’s financials are a mess. in q3 2023, they lost $430,000 per car sold and they delivered 2,781 vehicles, far below expectations. revenue was $200 million, and net losses soared to nearly $992 million. even with $5.16 billion in saudi money they’re toast.
PUTS 2.50 12/27 x650
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