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Mar 31, 2023
Lucid Q1 2023 Earnings Report
Lucid reported Q1 2023 financial results, including revenue of $149.4 million, having produced 2,314 vehicles and delivered 1,406 vehicles.
Key Takeaways
Lucid Group, Inc. announced its Q1 2023 financial results, reporting a revenue of $149.4 million. The company produced 2,314 vehicles and delivered 1,406 during the quarter. Lucid ended the quarter with approximately $4.1 billion in total liquidity and plans to manufacture more than 10,000 vehicles in 2023.
Q1 revenue was $149.4 million, a 159% year-over-year increase.
Produced 2,314 vehicles in Q1 2023.
Delivered 1,406 vehicles in Q1 2023.
Ended the quarter with approximately $4.1 billion in total liquidity, expected to fund the Company at least into Q2 of 2024.
Lucid
Lucid
Forward Guidance
Lucid plans to manufacture more than 10,000 vehicles in 2023 and expects total liquidity of approximately $4.1 billion to fund the Company at least into the second quarter of 2024.