Overview

• Lucid delivered 3,309 vehicles worldwide in Q2, a 38% year-on-year increase driven by 2,630 Air sedans and five Gravity SUVs sold in the U.S.
• Gravity SUV sales remain minimal with only five units sold in the U.S. and just 27 registrations across Europe in June.
• Operational costs led to a loss of $222,000 on each vehicle sold in the quarter, underscoring deep financial strain.
• The company’s stock remains down 96% from its 2021 IPO peak as investors question its path to profitability.
• Drone footage showing about 600 Gravity SUVs at Casa Grande highlights ramp-up efforts even as Lucid must nearly double second-half production to meet its 2025 target