Stock Market News

Lucid says its stock sale will provide ‘cash runway’ well into 2026

10/21/2024

Less than a minute

2024.10.21 15:20

© Reuters. FILE PHOTO: Lucid’s Gravity electric SUV is seen in a preview at Lucid’s headquarters in Newark, California, U.S. November 3, 2023. REUTERS/Abhirup Roy/File Photo

DETROIT (Reuters) – Lucid (NASDAQ:) CEO Peter Rawlinson said on Monday that a stock sale announced last week will provide the electric luxury sedan maker with a “cash runway well into 2026.”

Rawlinson said in an interview on the sidelines of a Reuters Next event that the stock sale, which raised about $1.67 billion, “serves to support the future of the company long term” as it prepares to begin building its Gravity SUV in the coming months.

10/21/2024

Less than a minute

Bitcoin (BTC) $ 85,255.84 4.28%

Ethereum (ETH) $ 2,363.79 6.37%

Tether (USDT) $ 0.998698 0.04%

XRP (XRP) $ 2.24 4.81%

BNB (BNB) $ 616.89 1.80%

Solana (SOL) $ 137.53 5.98%

USDC (USDC) $ 1.00 0.00%

Dogecoin (DOGE) $ 0.207266 2.88%

Cardano (ADA) $ 0.659484 4.44%

Lido Staked Ether (STETH) $ 2,373.34 5.90%

TRON (TRX) $ 0.229839 1.27%

wrapped-bitcoin

Wrapped Bitcoin (WBTC) $ 84,891.74 4.75%

Wrapped stETH (WSTETH) $ 2,796.62 6.96%

Chainlink (LINK) $ 15.57 0.45%

Litecoin (LTC) $ 127.06 9.22%

Avalanche (AVAX) $ 22.11 0.51%

Stellar (XLM) $ 0.291915 2.25%

Sui (SUI) $ 2.93 1.87%

the-open-network

Toncoin (TON) $ 3.54 1.07%

Shiba Inu (SHIB) $ 0.000015 2.03%

LEO Token (LEO) $ 9.09 1.16%

hedera-hashgraph

Hedera (HBAR) $ 0.199071 0.49%

USDS (USDS) $ 0.998238 0.16%

Polkadot (DOT) $ 4.86 3.06%

MANTRA (OM) $ 7.24 5.99%

WETH (WETH) $ 2,377.22 5.85%

Hyperliquid (HYPE) $ 19.82 3.65%

Bitcoin Cash (BCH) $ 300.48 1.70%

Ethena USDe (USDE) $ 0.999059 0.03%

Bitget Token (BGB) $ 4.05 7.10%

Wrapped eETH (WEETH) $ 2,517.50 5.68%

Uniswap (UNI) $ 8.01 5.40%

Monero (XMR) $ 213.72 2.47%

WhiteBIT Coin (WBT) $ 26.40 2.39%

NEAR Protocol (NEAR) $ 3.07 1.73%

Pepe (PEPE) $ 0.000008 0.02%

Aptos (APT) $ 5.91 2.91%

Dai (DAI) $ 0.999574 0.04%

Aave (AAVE) $ 207.46 0.52%

Ondo (ONDO) $ 1.00 1.74%

internet-computer

Internet Computer (ICP) $ 6.51 1.50%

Bittensor (TAO) $ 363.12 8.14%

sUSDS (SUSDS) $ 1.04 0.02%

Ethereum Classic (ETC) $ 19.00 0.59%

OKB (OKB) $ 45.85 0.02%

gatechain-token

Gate (GT) $ 21.05 1.56%

Official Trump (TRUMP) $ 13.16 2.29%

Mantle (MNT) $ 0.763887 5.53%

tokenize-xchange

Tokenize Xchange (TKX) $ 29.84 9.69%

coinbase-wrapped-btc

Coinbase Wrapped BTC (CBBTC) $ 85,094.80 4.38%