NEWARK,
Calif., July 8, 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 June 30, 2024. Lucid
produced 2,110 vehicles and delivered 2,394 vehicles during this
period.1
Lucid will host a conference call to discuss its second quarter
2024 financial results on Monday, August 5,
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 July 22, 2024, at
2:30 pm PT / 5:30 pm ET, shareholders can submit questions by
visiting: https://app.saytechnologies.com/lucid-group-2024-q2. This
Q&A platform will remain open until 2:30
pm PT / 5:30 pm ET on August
2, 2024. Shareholders can email support@saytechnologies.com
for any support inquiries.
Earnings Call Details:
Date: Monday, August 5,
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 second 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 June 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
March 31, 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