Financial Data and Key Metrics Changes - In Q1 2025, the company produced 2,212 vehicles, a 28% year-over-year increase, and delivered 3,109 vehicles, up more than 58% year-over-year, marking the fifth consecutive quarter of record deliveries [6][32] - Total revenue for the quarter was $235 million, representing a 36% growth year-over-year, with $31.5 million recognized in regulatory credit revenue [33] - The GAAP gross margin improved to negative 97.2%, up from negative 134.3% in the prior year quarter, reflecting higher regulatory credit revenue and cost management [33][34] - Adjusted EBITDA was negative $563 million, an improvement of 2% versus Q4 [36] Business Line Data and Key Metrics Changes - The Lucid Air remained the number one best-selling EV and the third best-selling sedan overall in its segment in the U.S. [8] - The Lucid Gravity is generating strong interest, with over three-quarters of orders coming from new customers [12] Market Data and Key Metrics Changes - The company experienced significant demand for the Lucid Air, which was named Best Luxury Electric Car for the fourth consecutive year [7][8] - The marketing campaign for the Lucid Gravity reached over 11 million people on social media, significantly increasing brand awareness [10] Company Strategy and Development Direction - The company is focused on building a vertically integrated enterprise designed to lead in the next era of mobility, with plans to expand its vehicle lineup with a mid-sized platform scheduled for production in late 2026 [41][42] - The company is exploring strategic adjustments to align with changing market conditions, including vehicle price changes and tariff risk mitigation [25][26] Management's Comments on Operating Environment and Future Outlook - Management acknowledged increased uncertainty in the market due to tariffs and supply chain issues but expressed confidence in the company's ability to navigate these challenges [21][39] - The company aims to produce approximately 20,000 vehicles in 2025, despite market uncertainties [40] Other Important Information - The company completed a convertible notes offering with strong support from the public investment fund, extending liquidity into the second half of 2026 [32] - The acquisition of the Nikola factory is expected to mitigate some capital expenditure needs [48] Q&A Session Summary Question: Can the midsize rollout and ramp be accelerated due to the acquisition of the Nikola factory? - Management clarified that while the acquisition is beneficial, the timeline for the midsize platform remains late 2026 due to complexities in sourcing and tariffs [45][46] Question: Are there plans for Lucid to sell or lease its technology to other manufacturers? - Management confirmed ongoing discussions with various OEMs regarding technology licensing, emphasizing the strategic direction of Lucid Group [49] Question: What is the impact on Lucid's supply chain due to Chinese curbs on rare earth material exports? - Management highlighted the importance of vertical integration, allowing the company to mitigate risks associated with rare earth material shortages [50][51] Question: Is it fair to say that Lucid lacks urgency regarding production ramp and deliveries? - Management emphasized the importance of quality over speed, stating that they are focused on delivering high-quality vehicles despite some supply chain bottlenecks [52][53] Question: Can you provide an update on test drives and order perspectives for the Gravity? - Management reported strong order inflow and plans to roll out test drives as vehicles meet quality standards [56][57] Question: What is the plan to address the convertible bonds maturing in 2026? - Management stated that they will remain opportunistic regarding financing and timing for addressing convertible bonds [70][71]

First Quarter 2025 Earnings Release LUCID GROUP, INC. May 6, 2025 FIRST QUARTER 2025 EARNINGS RELEASE Forward Looking Statements This presentation 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 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-39408 Lucid Group, Inc. (MARK ONE) or x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 Washington, D.C. 20549 FORM 10-Q (Exact name of registrant as specified in its charter) Delaware 85-0891392 (State or other jurisdiction ...

Produced 2,212 vehicles in Q1, excluding over 600 vehicles in transit to Saudi Arabia for factory gating Delivered 3,109 vehicles in Q1; up 58.1% compared to Q1 2024 Q1 revenue of $235.0 million GAAP net loss per share of $(0.24); non-GAAP net loss per share of $(0.20) Ended the quarter with approximately $5.76 billion in total liquidityNEWARK, Calif., May 6, 2025 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ: LCID), maker of the world's most advanced electric vehicles, today announced financial results for it ...

CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of Report (date of earliest event reported): April 2, 2025 Lucid Group, Inc. (Exact name of registrant as specified in its charter) (Commission File UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K Delaware 001-39408 85-0891392 (I.R.S. Employer Identification No.) (State or other jurisdiction of incorporation or organization) 7373 Gateway Boulevard Newark, CA 94560 (Address of Principal ...

New leaders set to drive growth and bolster leadership in key areasNEWARK, Calif., May 6, 2025 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ: LCID), maker of the world's most advanced electric vehicles, today announced the company has strengthened its executive leadership team as it prepares for future growth. Lucid recently welcomed Akerho "AK" Oghoghomeh as Senior Vice President of Marketing, Jason Ryska as Vice President of Global Manufacturing Engineering, Dr. Kay Stepper as Vice President of Advanced Drive ...

Summary:⚈ Lucid stock fell 6.52% ahead of earnings, prompting a revised $3 price target⚈ Cantor Fitzgerald maintains a neutral stance despite recent share decline⚈ Weak Gravity SUV sales signal deeper downturn could be aheadAhead of its upcoming May 6 earnings report, and amidst Lucid (NASDAQ: LCID) stock’s May 5 6.52% early session plunge to $2.38, Cantor Fitzgerald’s Andres Sheppard elected to revise their price target for the beleaguered electric vehicle (EV) maker.LCID stock one-week price chart. Source ...

Partnership leverages growing resources in the Kingdom of Saudi Arabia to advance key areas in Lucid's technology roadmap while progressing the country's vision for sustainable mobilityKING ABDULLAH ECONOMIC CITY, Saudi Arabia, May 5, 2025 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ: LCID), maker of the world's most advanced electric vehicles, and King Abdullah University of Science and Technology (KAUST), a leading academic and research institution focused on science and technology innovation with regional a ...

Sales Growth Expectations - Lucid is expected to experience record absolute sales growth in the coming years, with a current sales base of approximately $800 million [1] - Analysts project revenue to increase by 82% in 2025 and by another 91% in 2026, driven by several anticipated vehicle launches [1] Investment Performance - Long-term investors in Lucid have faced significant losses, with a $1,000 investment at the time of the 2021 IPO now valued at only $62 [3] - Both Lucid and Rivian went public in 2021 at high valuations, but their share prices have since dropped by over 80% [3] Sales vs. Market Expectations - Despite aggressive sales growth, with Lucid's revenue increasing by nearly 350% since going public, share prices have plummeted due to overly optimistic market expectations [5] - The high multiples at which both Lucid and Rivian were priced did not align with their actual growth, leading to a sharp decline in valuations [5] Investment Considerations - After a prolonged correction, Lucid shares may now present an attractive opportunity for new investors [6] - The historical performance of Lucid serves as a reminder that the valuation paid by investors is crucial in determining returns, regardless of the company's growth rate [6]

Core Viewpoint - The future of transportation is increasingly leaning towards electric vehicles (EVs), with global sales on the rise, presenting investment opportunities in companies well-positioned in this sector [1] Company Summaries QuantumScape - QuantumScape is focused on developing solid-state battery technology, which promises to enhance charging time, range, safety, and energy density while reducing costs [2] - The company is ahead of schedule in its production goals, particularly with the Cobra separator process expected to enter baseline production in Q2 2025 [3] - QuantumScape has formed a partnership with Murata Manufacturing to explore ceramics production, which could accelerate the commercialization of its battery technology [4] - The company has substantial liquidity, ending Q1 with over $860 million, which is expected to last into the second half of 2028, providing a runway for its technology development [5] Lucid Group - Lucid Group has shown significant growth, delivering 3,109 vehicles in Q1, marking a 28% increase year-over-year and achieving five consecutive record quarters [7] - The company is benefiting from a shift in Tesla owners seeking alternatives, with 50% of current orders coming from former Tesla customers [8] - The upcoming launch of the Gravity SUV is anticipated to further boost deliveries, as it targets a larger market compared to the Air sedan [9]