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The Company reported strong customer demand for Lucid Air with reservations over 34,000, as of November 7, 2022, representing potential sales of over $3.2 billion. This reservation number does not include the up to 100,000 vehicles under the agreement with the government of Saudi Arabia. Lucid ended the quarter with approximately $3.85 billion cash, cash equivalents, and investments, which is expected to fund the Company at least into the fourth quarter of 2023

Lucid Announces Third Quarter 2022 Financial Results, On Track for Annual Production Guidance of 6,000 to 7,000 Vehicles

Lucid Group, Inc. (NASDAQ: LCID), setting new standards with the longest-range, fastest-charging electric car on the market, today announced financial results for its third quarter ended September 30, 2022. Lucid reported Q3 revenue of $195.5 million on deliveries of 1,398 vehicles

By AP News
Published - Nov 08, 2022, 05:18 PM ET
Last Updated - Mar 21, 2024, 02:26 PM EDT
  • Record quarterly production of 2,282 vehicles, more than triple Q2
  • On track for annual production guidance of 6,000 to 7,000 vehicles
  • Q3 revenue of $195.5M driven by customer deliveries of 1,398 vehicles in the quarter
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