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  "documentTitle": "Lucid Motors | Results Presentation Deck | 37 slides",
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  "authorName": "Lucid Group, Inc.",
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  "presentationDate": "2024-08-01 00:00:00",
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      "text": "Lucid ended the second quarter of 2024 with over $3.9 billion cash, cash equivalents and investments. As of June 30, 2024, Lucid had total liquidity of approximately $4.28 billion from cash, investments, ABL and GIB Facilities. On August 5, 2024, Lucid announced its latest capital raise of $1.5 billion with an affiliate of the PIF, strengthening its liquidity runway at least into the fourth quarter of 2025.",
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      "text": "In the second quarter, Lucid recorded revenue of $200.6 million.\nLucid recognized non-cash charges of $53.1 million, including inventory and firm purchase commitments write-downs of $154.2 million and a loss of $9.4 million from change in fair value of equity securities, partially offset by a gain of $103.0 million from change in fair value of derivative liability associated with Series A redeemable convertible preferred stock and a gain of $7.5 million from change in fair value of a common stock warrant liability.\nLucid recorded restructuring charges of $20.2 million related to severance payments, employee benefits and stock-based compensation expense, net, as a result of the recent reduction in force announcement.",
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      "text": "Lucid continues to invest in the development of future product programs, the further expansion of our AMP-1 and AMP-2 facilities to increase capacity and the growth of our retail, delivery, and service capabilities.",
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      "text": "(in millions, unless otherwise stated; unaudited)",
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      "text": "Revenue $ 200.6 $ 150.9\nCost of Revenue (470.4) (555.8)\nR&D Operating Expenditures (287.2) (233.5)\nSG&A Operating Expenditures (210.2) (197.7)\nRestructuring Charges (20.2) (1.5)\nOthers 144.0 73.4\nNet Loss $ (643.4) $ (764.2)",
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      "text": "Cash, Cash Equivalents and Investments $ 3,904.1 $ 4,320.8\nOther Assets 4,319.2 4,191.9\nTotal Assets 8,223.3 8,512.7\nLiabilities 4,056.1 3,661.0\nRedeemable Convertible Preferred Stock 651.3 -\nStockholders' Equity 3,515.9 4,851.7\nTotal Liabilities, Redeemable Convertible Preferred Stock, and Stockholders' Equity $ 8,223.3 $ 8,512.7",
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      "text": "Cash Used In Operating Activities $ (507.0) $ (700.4)\nCapital Expenditures (234.3) (203.7)\nFree Cash Flow $ (741.3) $ (904.1)",
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