Lucid Q2 revenue $200.6M, deliveries up 70.5% YoY; secures $1.5B PIF commitment

Lucid Group, Inc.

2024-Q2 EPS reported -$0.64 revenue$373,321,000

Q2 deliveries of 2,394 vehicles, up 70.5% vs Q2 2023; produced 2,110 vehicles.
Q2 revenue of $200.6 million; total liquidity at $4.28 billion.
On track for full-year 2024 production of approximately 9,000 vehicles.
Affiliate of Public Investment Fund committed additional $1.5 billion, extending liquidity into Q4 2025.
CEO highlights cost optimization benefits and anticipation of Lucid Gravity launch.

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