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Lucid Motors Q2 2024 Earnings Call
Episode 526
Published 1 year, 7 months ago
Description
Description:
In this episode, we review Lucid Group's Q2 2024 earnings conference call with CEO Peter Rawlinson and interim CFO Gagan Dhingra.
- Key takeaways include a record 2,394 vehicle deliveries, marking a 21.7% quarter-over-quarter and 70.5% year-over-year increase, fueled by rising demand in North America.
- Rawlinson highlights advancements in production capacity aimed at 9,000 units by year-end and underscores significant brand awareness gains.
- We discuss the efficiency milestone of five miles per kilowatt-hour achieved by the Lucid Air Pure, as well as the first body shell rollout for the upcoming Lucid Gravity.
- Lucid's competitive technological advantages and the ongoing partnership with Aston Martin in electric vehicle development.
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