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Sep 30, 2023
Lucid Q3 2023 Earnings Report
Lucid reported Q3 revenue of $137.8 million driven by customer deliveries of 1,457 vehicles and produced 1,550 vehicles.
Key Takeaways
Lucid reported Q3 revenue of $137.8 million with deliveries of 1,457 vehicles. Production outlook for 2023 is revised to 8,000 - 8,500 vehicles. The company ended the quarter with approximately $5.45 billion in liquidity.
Q3 revenue was $137.8 million driven by customer deliveries of 1,457 vehicles.
Production of the Lucid Air Pure RWD and Lucid Air Sapphire began in September.
General assembly production shifted to Phase 2 of Lucid’s factory in Arizona and Lucid opened its first manufacturing plant in Saudi Arabia.
Lucid Gravity will be unveiled on November 16 at the LA Auto Show with start of production remaining on track for late 2024.
Forward Guidance
Production outlook for 2023 is revised to 8,000 - 8,500 vehicles to prudently align with deliveries.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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