Lucid Announces First Quarter 2024 Financial Results [Yahoo! Finance]
Lucid Group, Inc. (LCID)
Company Research
Source: Yahoo! Finance
Q1 revenue of $172.7 million Successfully raised $1.0 billion via private placement to an affiliate of the Public Investment Fund (PIF) Ended the quarter with approximately $5.03 billion of total liquidity NEWARK, Calif. May 6, 2024 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ: LCID), maker of the world's most advanced electric vehicles, today announced financial results for its first quarter ended March 31, 2024. The earnings presentation is available on its investor relations website ( https://ir.lucidmotors.com Lucid reported Q1 revenue of $172.7 million on deliveries of 1,967 vehicles and expects to manufacture approximately 9,000 vehicles in 2024. In Q1, Lucid raised $1.0 billion in financing via a private placement to an affiliate of the PIF, reflecting the PIF's continued and steadfast support of the Company. Lucid ended the first quarter with approximately $5.03 billion in total liquidity. "I believe there are two factors that set Lucid apart – our superior, in-house t
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LCID
Earnings
- 5/6/24 - Miss
LCID
Sec Filings
- 5/6/24 - Form 10-Q
- 5/6/24 - Form 8-K
- 4/26/24 - Form 4
- LCID's page on the SEC website