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Mar 31, 2022
Lucid Q1 2022 Earnings Report
Reported Q1 revenue of $57.7 million driven by customer deliveries of 360 vehicles. Reaffirmed its 2022 production volume outlook of 12,000 to 14,000 vehicles.
Key Takeaways
Lucid reported Q1 revenue of $57.7 million on deliveries of 360 vehicles. The Company reported strong customer demand for Lucid Air with reservations now exceeding 30,000, reflecting potential sales of $2.9 billion. Lucid reiterated its 2022 production volume outlook of 12,000 to 14,000 vehicles and ended the quarter with close to $5.4 billion cash on hand.
Q1 revenue of $57.7M driven by customer deliveries of 360 vehicles in the quarter
Strong demand with more than 30,000 customer reservations as of today, reflecting potential sales of $2.9B
Production volume outlook for 2022 remains on track at 12,000 to 14,000 vehicles
Announces new pricing effective June 1 while honoring current pricing for all existing reservation holders
Forward Guidance
The company is focused on ramping production and excited about the product roadmap in 2022 and beyond.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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