Lucid Reports Q2 Production, Delivery Numbers, Shares Stall

Production and Delivery Performance - Lucid Group Inc produced 3,863 vehicles in the second quarter, an increase from 2,212 vehicles in the first quarter [1] - Total second-quarter deliveries were 3,309 vehicles, up from 3,109 in the first quarter, but below analyst estimates of 3,611 [1] Financial Expectations - The company is scheduled to report its second-quarter financial results on August 5, with analysts expecting a loss of $0.21 per share and revenue of $297.06 million [2] - In the first quarter, Lucid reported revenue of $235.05 million, which was below estimates of $250 million, and a loss of $0.20 per share, better than the expected loss of $0.23 per share [2] Liquidity and Future Production Goals - Lucid ended the quarter with approximately $5.76 billion in total liquidity and indicated that momentum continued to build during the period [3] - The company is targeting total production of approximately 20,000 vehicles by 2025 [3] Stock Performance - Lucid shares closed at $2.05, up 0.99% on Wednesday, and remained flat in after-hours trading despite missing delivery estimates [3] - The stock has decreased approximately 32% year-to-date [3]