According to the Zhitong Finance APP, on Friday, the shares of Lucid Group (LCID.US) rose more than 6% at one point. As of the time of publication, the stock rose by 3.5%, closing at $2.29. Due to cost-cutting measures yielding results, the company's third-quarter performance was slightly higher than Wall Street's expectations. Data shows that the company's third-quarter revenue was $0.2 billion, market expectations were $0.198 billion, net loss widened to $0.9925 billion from $0.6309 billion in the same period last year. Adjusted loss per share was 28 cents, market expectations were a loss of 30 cents per share. Compared to the same period last year, the auto manufacturer's research and development costs in the third quarter were $0.3244 billion, with sales, general, and administrative costs at $0.2336 billion, representing increases of 40.1% and 23.1% respectively. In other aspects, such as revenue costs and restructuring costs, there were significant decreases compared to the same period last year.