GreenCarNewsBreaks — Lucid Group Inc. (NASDAQ: LCID) Releases Q1 2024 Financial Report
Lucid Group (NASDAQ: LCID), a company setting new standards for the luxury electric experience with the Lucid Air, America's most awarded new luxury vehicle, is reporting its first quarter 2024 financial results, for the period ended March 31, 2024. Highlights of the report show that the company produced 1,728 vehicles in first quarter, and is on track for annual production of approximately 9,000 vehicles; delivered 1,967 vehicles in Q1, up 39.9% compared to Q1 2023; reached Q1 revenue of $172.7 million; raised $1 billion via private placement to an affiliate of the Public Investment Fund (“PIF”); and has approximately $5.03 billion of total liquidity. “I…