The US startup Lucid Motors reported on Tuesday the delivery of 1,967 vehicles in the first quarter of the year while producing 1,728 units.
In late February, Lucid had provided a production guidance of “approximately 9,000” vehicles, up from the 8,428 units in 2023. In the fourth quarter, the company delivered 1,734 vehicles and produced 2,391 vehicles.
Lucid scheduled a conference call to discuss its first quarter 2024 financial results on May 6 at 5:30 pm eastern time immediately after releasing its financial results.
Furthermore, the company will — for the first time — use the platform Say Technologies to allow retail and institutional shareholders to submit and upvote questions until the third day of May.
Lucid announced in late march the $1 billion investment from its major shareholder Ayar Third Investment Company (affiliate of the Saudi’s Public Investment Fund).
Peter Rawlinson, Lucid’s CEO reiterated at the time that the company “remains focused” in accelerating its growth via deliveries, executing key business initiatives with relentless focus upon cost, and launching its “game-changing” Gravity SUV later this year.
