Transportation
Lucid Posts Better-Than-Expected Loss as Cost Cuts Gain Traction
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Lucid Group Inc. posted a better-than-expected third-quarter loss as the electric-vehicle maker’s push to cuts costs gathered momentum.
The adjusted loss in the period was 28 cents a share, better than the 31-cent average deficit estimated by analysts. Revenue was $200 million, the company said Thursday in a statement, also slightly ahead of Wall Street estimates.