NEWARK,
Calif., Oct. 7, 2024 /PRNewswire/ -- Lucid Group,
Inc. (NASDAQ: LCID), maker of the world's most advanced electric
vehicles, today announced production and delivery totals for the
quarter ended September 30, 2024.
During this period, Lucid produced 1,805 vehicles and delivered
2,781 vehicles, of which approximately 8% were subject to operating
lease accounting.1
Lucid will host a conference call to discuss its
third quarter 2024 financial results on Thursday, November 7, 2024, at 2:30 pm PT / 5:30 pm
ET. Prior to the conference call, the company will issue an
earnings press release with a link to the live webcast on its
investor relations website, https://ir.lucidmotors.com.
To enhance engagement with the company's
shareholder base and facilitate connections with its investors,
Lucid is partnering with Say Technologies to allow retail and
institutional shareholders to submit and upvote questions, a
selection of which will be answered by Lucid management during the
earnings call.
Starting on October 24,
2024, at 2:30 pm PT /
5:30 pm ET, shareholders can submit
questions by visiting:
https://app.saytechnologies.com/lucid-group-2024-q3. This Q&A
platform will remain open until 2:30 pm
PT / 5:30 pm ET on November
5, 2024. Shareholders can email support@saytechnologies.com
for any support inquiries.
Earnings Call Details:
Date: Thursday,
November 7, 2024
Time: 2:30 pm
PT / 5:30 pm ET
Webcast: https://ir.lucidmotors.com (live
and replay)
1 Lucid's net income and cash flow
results will be announced along with the rest of its financial
performance when Lucid announces third quarter earnings. Lucid
vehicle production and delivery numbers represent only one measure
of the company's operating performance and should not be relied on
as sole indicators of quarterly financial results, which depend on
a variety of factors.
About Lucid Group
Lucid (NASDAQ: LCID) is a Silicon
Valley-based technology company focused on creating the most
advanced EVs in the world. The flagship vehicle, Lucid Air,
delivers best-in-class performance and efficiency starting at
$69,900*. Lucid is preparing its
state-of-the-art, vertically integrated factory in Arizona to begin production of the Lucid
Gravity SUV. The company's goal is to accelerate humanity's
transition to sustainable transportation and energy.
*Excludes tax, title, license, options,
destination, and documentation fees. For U.S. market only.
Investor Relations Contact
investor@lucidmotors.com
Sign up for investor email alerts:
https://ir.lucidmotors.com/ir-resources/email-alerts
Media Contact
media@lucidmotors.com
Trademarks
This communication contains trademarks, service
marks, trade names and copyrights of Lucid Group, Inc. and its
subsidiaries and other companies, which are the property of their
respective owners.
Forward-Looking Statements
This communication includes "forward-looking
statements" within the meaning of the "safe harbor" provisions of
the United States Private Securities Litigation Reform Act of 1995.
Forward-looking statements may be identified by the use of words
such as "estimate," "plan," "project," "forecast," "intend,"
"will," "shall," "expect," "anticipate," "believe," "seek,"
"target," "continue," "could," "may," "might," "possible,"
"potential," "predict" or other similar expressions that predict or
indicate future events or trends or that are not statements of
historical matters. These forward-looking statements include, but
are not limited to, statements regarding Lucid's expectations
related to production and delivery volume outlook and Lucid's
finalized production and delivery totals for the quarter ended
September 30, 2024. These statements
are based on various assumptions, whether or not identified in this
communication, and on the current expectations of Lucid's
management. These forward-looking statements are not intended to
serve as, and must not be relied on by any investor as, a
guarantee, an assurance, or a definitive statement of fact or
probability. Actual events and circumstances are difficult or
impossible to predict and may differ from these forward-looking
statements. Many actual events and circumstances are beyond the
control of Lucid. These forward-looking statements are subject to a
number of risks and uncertainties, including those factors
discussed under the heading "Risk Factors" in Part II, Item 1A of
Lucid's Quarterly Report on Form 10-Q for the quarter ended
June 30, 2024, as well as other
documents Lucid has filed or will file with the Securities and
Exchange Commission. If any of these risks materialize or Lucid's
assumptions prove incorrect, actual results could differ materially
from the results implied by these forward-looking statements. There
may be additional risks that Lucid currently does not know or that
Lucid currently believes are immaterial that could also cause
actual results to differ from those contained in the
forward-looking statements. In addition, forward-looking statements
reflect Lucid's expectations, plans or forecasts of future events
and views as of the date of this communication. Lucid anticipates
that subsequent events and developments will cause Lucid's
assessments to change. However, while Lucid may elect to update
these forward-looking statements at some point in the future, Lucid
specifically disclaims any obligation to do so. These
forward-looking statements should not be relied upon as
representing Lucid's assessments as of any date subsequent to the
date of this communication. Accordingly, undue reliance should not
be placed upon the forward-looking statements.
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SOURCE Lucid Group