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  "documentTitle": "Lucid Motors | Results Presentation Deck | 37 slides",
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  "authorName": "Lucid Group, Inc.",
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  "presentationDate": "2024-08-01 00:00:00",
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      "text": "In the Second Quarter of 2024:\nAchieved a 70.5% year over year increase in deliveries\nGross margin was largely flat from the first quarter of 2024, despite a special warranty campaign provision in the quarter\nDeployed five over-the-air software updates\nAnnounced the appointment of Lisa Lambert to the Board of Directors",
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      "text": "Recent & Upcoming Highlights:\nStarted pre-production builds of Lucid Gravity at the AMP-1 factory in Q3\nExecuted financing agreements for an additional commitment of $1.5 billion from an affiliate of the Public Investment Fund\nAchieved landmark 5.0 miles per kilowatt hour and record 146 MPGe EPA-estimated range rating for the most energy efficient mass production car ever, the Air Pure (1)\nAMP-1: Installed the body shop and made upgrades to the paint shop for Lucid Gravity\nDelivered further technology breakthroughs in Lucid's advanced motor design, battery cell chemistry, and thermal characteristics allowing the 2025 Lucid Air Grand Touring to obtain EPA-estimated 512 miles of range (1) despite more stringent EPA test procedures\nLucid Technology & Manufacturing Day scheduled for September 10\nAchieved ISO 14001 / 45001 certification for AMP-2 manufacturing operations\nExpanding total addressable market opportunity: The Lucid Gravity start of production scheduled for late 2024 and Midsize platform start of production scheduled for late 2026\nSeeing continued interest in Lucid's technology",
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      "text": "(1) When equipped with 19\" wheels; range and battery power vary with temperature, driving habits, charging and battery condition and actual results will vary\n(2) Excludes temporary and satellite service centers",
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      "text": "KEY STATISTICS\nQuarter ended as of June 30, 2024\nLucid Air Customer Deliveries 2,394\nProduction 2,110\nStudios / Service Centers (2) 53\nRevenue $200.6M\nTotal Liquidity ~$4.28B\nCapital Expenditures ~$234.3M",
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      "text": "2024 Key Achievements and Recent & Upcoming Highlights",
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