Lucid Group (NASDAQ:LCID) up after $800 million Saudi loan puts spotlight on cash burn
Lucid Group, Inc. gained in premarket trading Tuesday after a July 6 filing showed it pulled another $800 million from its Saudi-backed credit facility. Shares traded at $6.66 at 8:04 a.m. EDT, up 9.5% from Monday’s close. The company’s market cap was around $2.19 billion.
