Lucid Announces Q4 Production & Deliveries, Sets Date for Fourth Quarter 2024 Results
Rhea-AI Summary
Lucid Group (NASDAQ: LCID) has released its Q4 2024 production and delivery figures. The company produced 3,386 vehicles and delivered 3,099 vehicles in Q4, with approximately 7% subject to operating lease accounting. For the full year 2024, Lucid produced 9,029 vehicles and delivered 10,241 vehicles, with about 5% under operating lease accounting.
The company will discuss its Q4 2024 financial results in a conference call scheduled for February 25, 2025, at 2:30 pm PT. Lucid is partnering with Say Technologies to facilitate shareholder engagement, allowing investors to submit and upvote questions between February 11 and February 23, 2025, which management will address during the earnings call.
AI-generated analysis. Not financial advice.
Positive
- Full-year 2024 deliveries (10,241) exceeded production (9,029), indicating strong demand and inventory optimization
- Implementation of shareholder engagement platform shows commitment to investor relations
Negative
- Q4 2024 production of 3,386 vehicles indicates relatively low production volumes
- 7% of Q4 deliveries subject to operating lease accounting, potentially impacting revenue recognition
News Market Reaction – LCID
On the day this news was published, LCID gained 1.22%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
On a full year basis in 2024, the company produced 9,029 vehicles and delivered 10,241 vehicles, of which approximately
Lucid will host a conference call to discuss its fourth quarter 2024 financial results on Tuesday, February 25, 2025, at 2:30 pm PT / 5:30 pm ET. Prior to the conference call, the company will issue an earnings press release with a link to the live webcast on its investor relations website, https://ir.lucidmotors.com.
To enhance engagement with the company's shareholder base and facilitate connections with its investors, Lucid is partnering with Say Technologies to allow retail and institutional shareholders to submit and upvote questions, a selection of which will be answered by Lucid management during the earnings call.
Starting on February 11, 2025, at 2:30 pm PT / 5:30 pm ET, shareholders can submit questions by visiting: https://app.saytechnologies.com/lucid-group-2024-q4. This Q&A platform will remain open until 2:30 pm PT / 5:30 pm ET on February 23, 2025. Shareholders can email support@saytechnologies.com for any support inquiries.
Earnings Call Details:
Date: Tuesday, February 25, 2025
Time: 2:30 pm PT / 5:30 pm ET
Webcast: https://ir.lucidmotors.com (live and replay)
1 Lucid's net income and cash flow results will be announced along with the rest of its financial performance when Lucid announces fourth quarter earnings. Lucid vehicle production and delivery numbers represent only one measure of the company's operating performance and should not be relied on as sole indicators of quarterly financial results, which depend on a variety of factors.
About Lucid Group
Lucid (NASDAQ: LCID) is a Silicon Valley-based technology company focused on creating the most advanced EVs in the world. The award-winning Lucid Air and new Lucid Gravity deliver best-in-class performance, sophisticated design, expansive interior space and unrivaled energy efficiency. Lucid assembles both vehicles in its state-of-the-art, vertically integrated factory in
Investor Relations Contact
Sign up for investor email alerts: https://ir.lucidmotors.com/ir-resources/email-alerts
Media Contact
Trademarks
This communication contains trademarks, service marks, trade names and copyrights of Lucid Group, Inc. and its subsidiaries and other companies, which are the property of their respective owners.
Forward-Looking Statements
This communication 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," "could," "may," "might," "possible," "potential," "predict" or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding Lucid's expectations related to production and delivery volume outlook and Lucid's finalized production and delivery totals for the quarter and full year ended December 31, 2024. These statements are based on various assumptions, whether or not identified in this communication, and on the current expectations of Lucid's management. These forward-looking statements are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and may differ from these forward-looking statements. Many actual events and circumstances are beyond the control of Lucid. These forward-looking statements are subject to a number of risks and uncertainties, including those factors discussed under the heading "Risk Factors" in Part II, Item 1A of Lucid's Quarterly Report on Form 10-Q for the quarter ended September 30, 2024, as well as other documents Lucid has filed or will file with the Securities and Exchange Commission. If any of these risks materialize or Lucid's assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that Lucid currently does not know or that Lucid currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect Lucid's expectations, plans or forecasts of future events and views as of the date of this communication. Lucid anticipates that subsequent events and developments will cause Lucid's assessments to change. However, while Lucid may elect to update these forward-looking statements at some point in the future, Lucid specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing Lucid's assessments as of any date subsequent to the date of this communication. Accordingly, undue reliance should not be placed upon the forward-looking statements.
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SOURCE Lucid Group