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  "published_at": "2026-11-12T01:19:32.205Z",
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    "headline": "Lucid misses on revenue and earnings and borrows $1.75 billion more from Saudi Arabia",
    "dek": "The loss was $2.74 a share on $350 million of revenue. The new money from the Public Investment Fund nearly doubles the cash the carmaker has to work with.",
    "prose": "Lucid missed Wall Street's expectations for both earnings and revenue in the third quarter.[^1] The electric carmaker lost $2.74 a share.[^2] Revenue was $350 million, up 4% from a year earlier.[^3]\n\nOn the same day it increased a loan from Saudi Arabia's Public Investment Fund by $1.75 billion.[^4]\n\n## The cash\n\nLucid ended the quarter with $2.0 billion in total liquidity.[^5] The added loan takes that to $3.75 billion.[^6] The fund's support accounts for the whole increase.[^7]\n\nPut side by side, the two figures show the new borrowing is worth 87.5% of everything the company held at the end of September.\n\nThe company said it cut its quarterly cash consumption by 30% from the quarter before.[^8]\n\n## The management\n\nSilvio Napoli became chief executive in June.[^9] These are the first quarterly results since he announced a restructuring plan.[^10]\n\nLucid's second plant, in Saudi Arabia, is in the final stages of commissioning.[^11]\n\n## The market\n\nThe stock fell roughly 5% in aftermarket trading on Monday.[^12]",
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