Lucid has revealed its production and delivery figures for the first quarter ended March 31, 2024. The company announced it produced 1,728 vehicles and achieved deliveries of 1,967 vehicles during the quarter.
This deliveries number beats Wall Street estimates and is far lower than the 2021 SPAC presentation where it said it was forecasted to be delivering 90,000 EVs annually in 2024. The company missed its revenue targets by 90% in 2023.
Compared to the year-ago quarter, this is an increase of 40%, up from 1,406 cars delivered.
The company will hold its Q1 earnings call on Monday, May 6, 2024, at 2:30 pm PT / 5:30 pm ET. The company plans to release an earnings press release prior to the call, which will include a link to the live webcast available on its investor relations website.
These numbers are good for Lucid but the company still remains unprofitable, while it only has its Lucid Air sedan available for customers. Let’s wait to see what its Q1 2024 earnings will be when they are announced next month.
Other articles in the category: Lucid Group
Lucid Delivers First Robotaxi Engineering Vehicle for Uber
Lucid Motors has announced the delivery of its first engineering vehicle for what will eventually become an Uber-exclusive robotaxi network. The company shared the update on X, confirming that the vehicle has been delivered to autonomous driving technology company Nuro for integration with its Nuro Driver system. Introducing our Robotaxi Engineering Fleet.Lucid has delivered the […]
Lucid Motors to Launch Trio of Midsize EVs Starting in 2026
Lucid Motors is setting its sights on the midsize EV market, with CEO Marc Winterhoff confirming the company plans to launch three new models beginning in late 2026. The announcement was made in a recent discussion with Autoblog, marking the first time Lucid has detailed its next wave of products beyond the Gravity SUV. The […]
Lucid Partners with Uber to Launch Global Robotaxi Network
Lucid on Thursday announced a sweeping new partnership with rideshare giant Uber and autonomous technology developer Nuro to launch a premium global robotaxi network. Under the deal, Uber plans to deploy more than 20,000 autonomous Lucid vehicles equipped with Nuro’s self-driving tech across dozens of markets worldwide over the next six years. Expected to start […]
