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Lucid loses USD 779.5 million in Q1 after delivering 1,406 of 2,314 vehicles produced

On May 8, Lucid Motors reported first quarter revenue of USD 149.4 million, which represented a year-over-year increase of 159% from the USD 57.7 million in revenue in Q1 2022.
The company had an operating loss of USD 772.2 million in Q1 2023, versus a USD 597.5 million operating loss in 2022, which led to a net loss....

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