Lucid Group (LCID) Tops Q2 EPS by 6c, Revenue Misses, Revices Production Outlook

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Lucid Announces Second Quarter 2022 Financial Results, Reports Strong Demand While Lowering Production Guidance for the Year

August 3, 2022 4:05 PM EDT

Q2 revenue of $97.3M driven by customer deliveries of 679 vehicles in the quarterStrong demand with over 37,000 reservations, representing potential sales of approximately $3.5BProduction volume outlook for 2022 revised to a range of 6,000 to 7,000 vehicles

NEWARK, Calif., Aug. 3, 2022 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ: LCID), setting new standards with the longest-range, fastest-charging electric car on the market, today announced financial results for its second quarter ended June 30, 2022. Lucid reported Q2 revenue of $97.3 million on deliveries of 679... More