On May 6, 2024, Lucid Group, Inc. reported its financial results for the first quarter ending March 31, 2024. The company produced 1,728 vehicles and delivered 1,967, marking a 39.9% increase in deliveries compared to the same quarter in the previous year. Lucid's Q1 revenue reached $172.7 million. Additionally, the company successfully raised $1 billion through a private placement with an affiliate of the Public Investment Fund (PIF), ending the quarter with approximately $5.03 billion in total liquidity. Concurrently, Lucid announced the resignation of Michael Bell, Senior Vice President of Digital, who will remain in an advisory role until August 12, 2024. Derrick Carty has been appointed as the interim leader of the Digital organization. The company's earnings presentation and a replay of the conference call held on May 6 are available on Lucid's investor relations website.

On May 6, 2024, Lucid Group, Inc. reported its financial results for the first quarter ending March 31, 2024. The company produced 1,728 vehicles and delivered 1,967, marking a 39.9% increase in deliveries compared to the same quarter in the previous year. Lucid's Q1 revenue reached $172.7 million. Additionally, the company successfully raised $1 billion through a private placement with an affiliate of the Public Investment Fund (PIF), ending the quarter with approximately $5.03 billion in total liquidity. Concurrently, Lucid announced the resignation of Michael Bell, Senior Vice President of Digital, who will remain in an advisory role until August 12, 2024. Derrick Carty has been appointed as the interim leader of the Digital organization. The company's earnings presentation and a replay of the conference call held on May 6 are available on Lucid's investor relations website.