Company Reports 2110 Vehicles Produced And 2394 Delivered In Q2

Lucid Motors Extends Cash Runway With New $15 Billion Capital Raise

Company reports 2110 vehicles produced and 2394 delivered in Q2

Lucid Group analysts break down Q2 earnings and stock catalysts

Lucid Motors, an electric vehicle manufacturer, announced today that it has secured a new $15 billion capital raise with the Public Investment Fund (PIF), extending its cash runway into the fourth quarter of 2025. The firm made the announcement in its Q2 earnings call on August 5, during which it also revealed that it produced 2110 vehicles and delivered 2394 vehicles in the second quarter of 2022.

Analysts have broken down the company's Q2 earnings and identified potential catalysts for its stock. They note that the new capital raise will provide Lucid with a significant amount of financial flexibility and allow it to continue to invest in its operations and production capacity. Additionally, the analysts believe that the company's recent production and delivery numbers are a sign of progress and that it is on track to meet its long-term goals.