The Lucid Sapphire remains unbeaten

Week 7

July 14, 2024

News of the Week

Lucid announced 2nd quarter numbers this week. During the 2nd quarter of 2024, Lucid produced 2,110 vehicles and delivered 2,394 electric vehicles. This shows continued growth quarter over quarter as well as continued efforts to move in stock models and existing inventory. Compared to 2nd quarter of 2023 Lucid has demonstrated a 70% increase in deliveries. This quarter also marks the first time Lucid has eclipsed 2,000 deliveries in a quarter and now has built 4 consecutive quarters of growth.

I think this is really good news. Before, I was worried about how many people wanted Lucid cars and how many cars they had in stock. But now, Lucid has shown that lots of people want their cars, setting new records this quarter. They've also been reducing their stock for two quarters in a row.

Lucid announced the 2nd Quarter 2024 earnings date. This is scheduled for Monday, August 5th at 530 PM EST. You can submit questions starting July 22nd at 530 PM EST.

Link to submit questions: Say - Q&A (saytechnologies.com)

Faisal Sultan Global Vice President and Managing Director of the Middle East was interviewed earlier this week. During this interview, they discussed partners in the Middle East for DC fast charging infrastructure including EVIQ, Wallbox, and Turning Point.

Saudi-assembled cars are being sold in KSA and United Arab Emirates.

Already constructing the CBU plant (Completely built unit) on target before 2030 and will plan to produce a midsize platform for regional customers.

Lucid CEO Peter Rawlinson spoke at Goodwood Festival of Speed. Peter continued to reinforce the start of production before the end of the year. Peter indicated that Lucid is a capital-intensive business and will need additional funding in the future. They also spoke about Aston Martin's delay in production and its impact on Lucid. Peter also discussed that they are in DISUCCSIONS (Plural) with other partners!

“They are the perfect long-term partners”

Peter Rawlinson speaking about the relationship with PIF

Lucid is opening an additional showroom in Saudi Arabia

In a last-minute decision, Lucid attended Electrify expo in Denver. If you were there this weekend and were able to test drive or take a peek at one, make sure to show off those pictures!

The Road to Gravity

Stamp of approval: The team in Casa Grande, Arizona is readying the factory in preparation for the start of production of Lucid Gravity. Join us at our factory’s vertically integrated stamping facility where rolls of aluminum will be transformed into the 3-dimensional body shapes that will become the Lucid Gravity body.

Poll of the Week

With recent earnings from Lucid, how do you feel about the future of Lucid motors? Do we continue to see an upward trend and momentum with deliveries in Q3 2024?

Do you feel that they will exceed Q2 deliveries in Q3 2024?

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YouTube Video of the Week

This week’s video of the week came from Hagerty and their 3.2 million followers on Youtube. This video displays the 1234-hp Lucid Air Sapphire and 1025-HP Dodge Challenger SRT D170. The Lucid Sapphire beat the Dodge Challenger by nearly 400 feet. They also took this to the drag with VHT prepped surface and again in 14+ races the Sapphire remained unbeaten hitting 9.0 for the first 10 races.

Lucid Air Sapphire

2.1s

9.2s

158 mph

0-60

¼ mile

Top Speed

Dodge Challenger SRT

3.7s

11.2s

139 mph

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