Exhibit 99.1 Lucid Announces First Quarter 2024 Financial Results NEWARK, Calif. — May 6, 2024 — Lucid Group, Inc. (NASDAQ: LCID), maker of the world's most advanced electric vehicles, today announced financial results for its first quarter ended March 31, 2024. The earnings presentation is available on its investor relations website (https://ir.lucidmotors.com). Lucid reported Q1 revenue of $172.7 million on deliveries of 1,967 vehicles and expects to manufacture approximately 9,000 vehicles in 2024. In Q1 ...

Lucid Motors (NASDAQ:LCID) is expanding its reach even further. After a week of steady growth, the electric vehicle (EV) startup has announced a partnership with the King Abdulaziz City for Science and Technology (KACST). The Saudi Arabian-based government organization will collaborate with Lucid on projects, allowing the automaker to benefit from its services, products and research facilities. Arab News reports that Lucid plans to use all three for “dedicated research into advanced battery technologies and ...

Lucid Group (LCID) is scheduled to release first-quarter 2024 results on May 6, after the closing bell. The Zacks Consensus Estimate for the to-be-reported quarter’s loss per share and revenues is pegged at 25 cents and $173.09 million, respectively. The consensus mark for Lucid’s first-quarter loss per share has increased a penny in the past 30 days.Lucid’s bottom-line estimates imply growth of 41.86% from the year-ago reported figure. The Zacks Consensus Estimate for its quarterly revenues suggests a year ...

After a difficult month and an overall volatile year, Lucid (NASDAQ:LCID) has finally picked up some momentum. This is partially due to the fact that it is scheduled to report earnings for the first quarter of 2024 on May 6. Given how much this once-prominent electric vehicle (EV) startup has fallen so far this year, investors will be watching keenly to see whether the Q1 report boosts LCID stock.Shares of LCID have risen lately and reports indicate that EV demand is likely to rebound in the coming months. ...

Lucid (NASDAQ: LCID) stock has taken a beating in recent quarters due to lower-than-expected sales and production, resulting in a sharp decline in its value.The company, renowned for its Air sedan and upcoming Gravity SUV, struggled to meet production targets due to supply chain challenges and market conditions. Despite optimistic expectations for vehicle production, Lucid fell short, producing only 7,180 vehicles in 2022 and 8,428 vehicles in 2023.In 2023, revenue decreased despite an uptick in deliveries, ...

Good news from Tesla (NASDAQ:TSLA) is sending many electric vehicle (EV) stocks up today. Indeed, the sector leader is surging on news that it has secured approval to start rolling out its full self-driving (FSD) technology in China. This news provided the boost that TSLA stock certainly needed after a difficult month. But the positivity today has also spread to many of Tesla’s peers, pushing up EV stocks across the board. Among today’s market winners are trendy startups Lucid (NASDAQ:LCID) and Rivian (NASD ...

jetcityimage/iStock Editorial via Getty Images Lucid (NASDAQ:LCID) was once hailed as the next Tesla or BYD because of its plan to conquer the EV market with its luxurious and technologically more advanced specifications, backed by the Saudi sovereign fund. But for an EV maker to out-compete Tesla, it first has to be able to compete. Lucid is far from that, with its under 2,000 unit quarterly sales and losing money on each car sold. The investment sentiment towards the company is divided – bullish says ...

Wall Street expects a year-over-year increase in earnings on higher revenues when Lucid Group (LCID) reports results for the quarter ended March 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on May 6, 2024, might help the stock move higher if these key numbers are better than expectat ...

Lucid Group (LCID) closed the latest trading day at $2.46, indicating a +0.41% change from the previous session's end. The stock fell short of the S&P 500, which registered a gain of 1.02% for the day. At the same time, the Dow added 0.4%, and the tech-heavy Nasdaq gained 2.03%.Shares of the an electric vehicle automaker witnessed a loss of 14.04% over the previous month, trailing the performance of the Auto-Tires-Trucks sector with its loss of 6.37% and the S&P 500's loss of 3.15%.Market participants will ...

For multiple reasons, the outlook of luxury electric vehicle maker Lucid Motors (NASDAQ:LCID) has greatly improved in recent months. First, there’s a great deal to like about its upcoming Gravity SUV, including its fairly unique seven seats and overall appearance. Meanwhile, Lucid should benefit from Tesla’s (NASDAQ:TSLA) multiple problems, while the valuation of Lucid stock has become much less demanding after the shares tumbled over the last year. Finally, I believe that the media is becoming more excited ...