Lucid Reports Worse Than Expected Q2 Results 
<p><a href='https://financialmodelingprep.com/financial-summary/LCID'>Lucid Group (NASDAQ:LCID)</a> reported its Q2 earnings yesterday. The EPS for the quarter came in at ($0.40), falling short of the anticipated consensus estimate of ($0.35). Lucid's reported revenue of $150.9 million was driven by the delivery of 1,404 vehicles to customers during the quarter, significantly lower than the consensus-estimated revenue of $191.41 million.</p>
<p>Lucid closed the quarter with a total liquidity of approximately $6.25 billion, which is expected to be sufficient to fund the company's operations until 2025.</p>
<p>CEO and CTO Peter Rawlinson acknowledged the company's progress in achieving its 2023 production target of more than 10,000 vehicles. Rawlinson also highlighted notable accomplishments in the quarter, including a strategic partnership agreement with Aston Martin. </p>

NASDAQ:LCID