Lucid Group, Inc. (NASDAQ: LCID) has announced its production and delivery totals for the quarter ending on September 30, 2024. During this period, Lucid produced 1,805 vehicles and delivered 2,781 vehicles. It is noted that approximately 8% of the delivered vehicles were subject to operating lease accounting.
Comparing to the previous period, Lucid's production has increased by 35.7% (from 1,330 to 1,805 vehicles), and deliveries have risen by 28.6% (from 2,160 to 2,781 vehicles).
The company will be hosting 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. Lucid will be issuing an earnings press release with a link to the live webcast on its investor relations website.
To enhance engagement with its shareholder base, Lucid has partnered with Say Technologies to allow retail and institutional shareholders to submit and upvote questions. The Q&A platform will remain open until November 5, 2024.
Lucid Group, Inc. is a Silicon Valley-based technology company focused on creating advanced electric vehicles. The company's flagship vehicle, the Lucid Air, is known for its best-in-class performance and efficiency starting at $69,900.
The company's goal is to accelerate humanity's transition to sustainable transportation and energy. The market has reacted to these announcements by moving the company's shares 2.1% to a price of $3.41. Check out the company's full 8-K submission here.
