Public Investment Fund

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Lucid misses third-quarter estimates and secures $1.75 billion loan from Saudi fund

Lucid missed Wall Street expectations for the third quarter but raised its liquidity to $3.75 billion after expanding a loan facility with Saudi Arabia's Public Investment Fund.

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Words to know

adjusted EBITDAA measure of profit that removes interest, taxes, depreciation, and unusual non-cash or one-time costs.term loanA commercial loan for a set amount of money that comes with a fixed repayment schedule.GuidanceWhat a company says it expects to earn in the coming months.RevenueAll the money a company takes in from sales, before costs.EBITDAA measure of a company's operating performance before non-operating expenses and accounting deductions.