---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-020614"
form_type: "8-K"
ticker: "LCID"
cik: "0001811210"
company_name: "Lucid Group, Inc."
filed_at: "2024-05-06T23:59:59+00:00"
generated_at: "2026-06-02T22:19:00.351668+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Lucid Q1 rev $172.7M, deliveries +39.9% YoY; raises $1B from PIF, SVP resigns

## Summary
- Q1 revenue $172.7M; delivered 1,967 vehicles (+39.9% YoY); produced 1,728 vehicles.
- On track for ~9,000 vehicles produced in 2024; raised $1.0B via private placement to PIF affiliate.
- Total liquidity at quarter end approximately $5.03 billion.
- Michael Bell, SVP Digital, resigns effective immediately; Derrick Carty (interim) leads Digital.
- Bell gets $125K consulting fee and $25K tax prep; will advise through Aug 12, 2024.

## SEC filing metadata
- accession: 0001628280-24-020614
- form_type: 8-K
- ticker: LCID
- cik: 0001811210
- company_name: Lucid Group, Inc.
- filed_at: 2024-05-06T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1811210/000162828024020614/0001628280-24-020614-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1811210/000162828024020614/lcid-20240501.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-020614
- JSON: https://secwatch.observer/filing/0001628280-24-020614.json
- Plain text: https://secwatch.observer/filing/0001628280-24-020614.txt

## Key facts
- Earnings Releases
  Lucid Group, Inc. reported first quarter ended March 31, 2024 results: revenue $172.7 million.
  - Period: first quarter ended March 31, 2024
  - Revenue: $172.7 million
  - Result: reported results
  source text: Lucid reported Q1 revenue of $172.7 million on deliveries of 1,967 vehicles
  evidence_url: https://www.sec.gov/Archives/edgar/data/1811210/000162828024020614/0001628280-24-020614-index.htm
- Executive change
  Michael Bell resigned as Senior Vice President of Digital at Lucid Group, Inc..
  - Action: resigned
  - Role: Senior Vice President of Digital
  source text: Michael Bell, Lucid’s Senior Vice President of Digital, is resigning from his position, effective immediately
  evidence_url: https://www.sec.gov/Archives/edgar/data/1811210/000162828024020614/0001628280-24-020614-index.htm
- Executive change
  Derrick Carty was appointed as Interim Lead of Digital at Lucid Group, Inc..
  - Action: will lead on an interim basis
  - Role: Interim Lead of Digital
  source text: Effective immediately, Derrick Carty, Vice President, Platform Software will lead the Company’s Digital organization on an interim basis
  evidence_url: https://www.sec.gov/Archives/edgar/data/1811210/000162828024020614/0001628280-24-020614-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.