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Shares of electric vehicle maker Lucid Group rose following news of a partnership with ride-hailing platform Bolt, which investors viewed as a potential new demand channel for the company's vehicles. The deal comes as Lucid continues to seek ways to expand its market reach beyond direct consumer sales. Despite the positive market reaction, analysts flagged continued concerns over Lucid's cash burn, noting that the partnership alone is unlikely to resolve the company's underlying financial pressures.
Sources:Yahoo Finance