Lucid reports 4Q delivery numbers exceeding annual guidance

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By Michael Elkins

Shares of Lucid Group (NASDAQ:LCID) are up 6.31% in pre-market trading on Thursday after the company announced production and delivery totals for the quarter ended December 31, 2022.

The company produced 3,493 vehicles during Q4 at its manufacturing facility in Arizona, up 53% Sequentially. On a full-year basis, the company produced 7,180 vehicles, exceeding provided guidance range of 6,000-7,000 vehicles. The company delivered 1,932 vehicles in the 4Q and 4,369 vehicles throughout the year.

Lucid is scheduled to release its 4Q 2022 financial results after market closes on Wednesday, February 22, and will hold a conference call at 5:30 pm ET (10:30 pm GMT) on that day. In an effort to enhance engagement with the company's shareholder base and facilitate connections with its investors, Lucid is partnering with Say Technologies to allow retail and institutional shareholders to submit and upvote questions, a selection of which will be answered by Lucid management during the earnings call. Starting on February 8, 2023, at 5:30 pm ET, all shareholders can submit questions.