Many actual events and circumstances are beyond the control of Lucid. Actual events and circumstances are difficult or impossible to predict and may differ from these forward-looking statements. These forward-looking statements are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, or a definitive statement of fact or probability. These statements are based on various assumptions, whether or not identified in this communication, and on the current expectations of Lucid's management. These forward-looking statements include, but are not limited to, statements regarding financial and operating outlook, amount of reservations and related potential sales, future capital expenditures and other operating expenses, expectations and timing related to commercial product launches, including the Project Gravity SUV and the various Air models, production and delivery volumes, the range and performance of Lucid's vehicles, plans and expectations regarding Lucid's software, Lucid's estimate of the length of time its existing cash, cash equivalents and investments will be sufficient to fund planned operations, Lucid's plans and expectations regarding its future capital raises and funding strategy, the timing of deliveries, future manufacturing capabilities and facilities, studio and service center openings, ability to mitigate supply chain and logistics risks, benefits of relocating Lucid's logistics operations center, ability to vertically integrate production processes, future sales channels and strategies, future market launches and international expansion, including Lucid's launch plans for the European market and planned manufacturing facility in Saudi Arabia, the potential success of Lucid's go-to-market strategy and future vehicle programs, and the promise of Lucid's technology. Forward-looking statements may be identified by the use of words such as "estimate," "plan," "project," "forecast," "intend," "will," "shall," "expect," "anticipate," "believe," "seek," "target," "continue," "could," "may," "might," "possible," "potential," "predict" or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. This communication includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. and its subsidiaries and other companies, which are the property of their respective owners. Investor Relations communication contains trademarks, service marks, trade names and copyrights of Lucid Group, Inc. Deliveries of Lucid Air, which is produced at Lucid's factory in Casa Grande, Arizona, are currently underway to U.S. The Lucid Air Grand Touring features an official EPA estimated 516 miles of range or 1,050 horsepower. The Company's first car, Lucid Air, is a state-of-the-art luxury sedan with a California-inspired design that features luxurious full-size interior space in a mid-size exterior footprint. Lucid's mission is to inspire the adoption of sustainable energy by creating advanced technologies and the most captivating luxury electric vehicles centered around the human experience. Lucid ended the quarter with approximately $3.85 billion cash, cash equivalents, and investments, which is expected to fund the Company at least into the fourth quarter of 2023. This reservation number does not include the up to 100,000 vehicles under the agreement with the government of Saudi Arabia. The Company reported strong customer demand for Lucid Air with reservations over 34,000, as of November 7, 2022, representing potential sales of over $3.2 billion. Lucid reported Q3 revenue of $195.5 million on deliveries of 1,398 vehicles. (NASDAQ: LCID), setting new standards with the longest-range, fastest-charging electric car on the market, today announced financial results for its third quarter ended September 30, 2022. Strong demand with over 34,000 reservations, representing potential sales of over $3.2BĪnnounced plans to open Project Gravity SUV reservations in early 2023 Q3 revenue of $195.5M driven by customer deliveries of 1,398 vehicles in the quarter On track for annual production guidance of 6,000 to 7,000 vehicles Record quarterly production of 2,282 vehicles, more than triple Q2
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