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spdpro

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Re: dealerschool2006 post# 31544

Friday, 06/28/2024 1:05:44 AM

Friday, June 28, 2024 1:05:44 AM

Post# of 32033
Nope >
Run away >
Worse news for Lucid, absent a bigger partner, the company is in some serious financial straits
Its $4 billion in cash won't last long at Lucid's current burn rate of more than $3 billion a year.
In fact, with $2.4 billion in debt on its balance sheet,
Lucid could be in a net debt position as little as six months from now.

Disaster is Only a Keystroke Away!

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