NEWS ER
Lucid Announces Second Quarter 2024 Financial Results
Positive
Vehicle deliveries increased by 70.5% compared to Q2 2023
Achieved $200.6 million in revenue for Q2 2024
Secured a $1.5 billion commitment from a PIF affiliate
On track to produce approximately 9,000 vehicles in 2024
Achieved a landmark efficiency of 5.0 miles per kilowatt hour
Negative
No specific mention of profitability or net income figures
Reliance on additional funding to maintain liquidity
Positive
Vehicle deliveries increased by 70.5% compared to Q2 2023
Achieved $200.6 million in revenue for Q2 2024
Secured a $1.5 billion commitment from a PIF affiliate
On track to produce approximately 9,000 vehicles in 2024
Achieved a landmark efficiency of 5.0 miles per kilowatt hour
Negative
No specific mention of profitability or net income figures
Reliance on additional funding to maintain liquidity
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