Founded in 2007, electric vehicle (EV) manufacturer Lucid Group, Inc. (NASDAQ: LCID) has been a solid wealth creator, as its stock has jumped 65% since its listing in September 2020. In its recent first-quarter results, the company posted revenues of $57.7 million, up from $0.3 million in the same quarter last year. Its loss in the first quarter narrowed to $0.5 per share from $3.36 per share a year ago. Recently, the company announced a hike in vehicle prices that came into effect on June 1.
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Lucid (NASDAQ:LCID)
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