Lucid will honor current pricing for existing reservations as well as any new reservations made by May 31, 2022.
Lucid also today announced revised pricing across most models beginning June 1, 2022. Lucid reiterated its 2022 production volume outlook of 12,000 to 14,000 vehicles and ended the quarter with close to $5.4 billion cash on hand, which is expected to fund the Company well into 2023. The Company reported strong customer demand for Lucid Air with reservations now exceeding 30,000, reflecting potential sales of $2.9 billion. Lucid reported Q1 revenue of $57.7 million on deliveries of 360 vehicles to customers in the first quarter. (NASDAQ: LCID), setting new standards with the longest range, fastest charging electric car on the market, today announced financial results for its first quarter ended March 31, 2022.
NEWARK, Calif., May 5, 2022 /PRNewswire/ - Lucid Group, Inc.