Lucid Group Files 2024 Q2 10-Q
Ticker: LCID · Form: 10-Q · Filed: 2024-08-05T00:00:00.000Z
Sentiment: neutral
Topics: 10-Q, financials, automotive
TL;DR
**Lucid Group 10-Q filed: Q2 2024 financials are in, check for key performance indicators.**
AI Summary
Lucid Group, Inc. filed its 10-Q for the period ending June 30, 2024. The filing details the company's financial position and operations, including its assets, liabilities, and equity. Specific financial figures and operational details are presented within the report, which is crucial for understanding the company's performance and outlook.
Why It Matters
This 10-Q filing provides investors and analysts with a detailed look at Lucid's financial health and operational performance for the second quarter of 2024, impacting investment decisions.
Risk Assessment
Risk Level: medium — Lucid Group operates in the highly competitive and capital-intensive automotive industry, facing significant risks related to production, sales, and profitability.
Key Numbers
- 2024 Q2 — Reporting Period (Covers the second quarter of 2024.)
- 2024-06-30 — Period End Date (Specific date for financial reporting.)
- 2023-12-31 — Previous Year End (For comparative financial analysis.)
Key Players & Entities
- Lucid Group, Inc. (company) — Filer of the 10-Q
- 20240630 (date) — End of the reporting period
- 20240805 (date) — Filing date
- Churchill Capital Corp IV (company) — Former company name
- Annetta Acquisition Corp (company) — Former company name
FAQ
What is the primary business of Lucid Group, Inc. according to the filing?
Lucid Group, Inc. is primarily involved in the manufacturing of motor vehicles and passenger car bodies, as indicated by its SIC code [3711].
What was the reporting period for this 10-Q filing?
The reporting period for this 10-Q filing was the quarter ending June 30, 2024.
When was this 10-Q filing submitted to the SEC?
This 10-Q filing was submitted on August 5, 2024.
Has Lucid Group, Inc. operated under any former company names?
Yes, Lucid Group, Inc. previously operated under the names Churchill Capital Corp IV and Annetta Acquisition Corp.
What is the state of incorporation for Lucid Group, Inc.?
Lucid Group, Inc. is incorporated in Delaware (DE).
From the Filing
0001628280-24-034730.txt : 20240805 0001628280-24-034730.hdr.sgml : 20240805 20240805161029 ACCESSION NUMBER: 0001628280-24-034730 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 117 CONFORMED PERIOD OF REPORT: 20240630 FILED AS OF DATE: 20240805 DATE AS OF CHANGE: 20240805 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Lucid Group, Inc. CENTRAL INDEX KEY: 0001811210 STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLES & PASSENGER CAR BODIES [3711] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 850891392 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-39408 FILM NUMBER: 241174848 BUSINESS ADDRESS: STREET 1: 7373 GATEWAY BLVD. CITY: NEWARK STATE: CA ZIP: 94560 BUSINESS PHONE: (510) 648-3553 MAIL ADDRESS: STREET 1: 7373 GATEWAY BLVD. CITY: NEWARK STATE: CA ZIP: 94560 FORMER COMPANY: FORMER CONFORMED NAME: Churchill Capital Corp IV DATE OF NAME CHANGE: 20200714 FORMER COMPANY: FORMER CONFORMED NAME: Annetta Acquisition Corp DATE OF NAME CHANGE: 20200504 10-Q 1 lcid-20240630.htm 10-Q lcid-20240630 FALSE 2024 Q2 0001811210 December 31 http://fasb.org/us-gaap/2024#OtherAssetsCurrent http://fasb.org/us-gaap/2024#OtherAssetsCurrent 0.0182548 http://fasb.org/us-gaap/2024#OtherLiabilitiesCurrent http://fasb.org/us-gaap/2024#OtherLiabilitiesCurrent http://fasb.org/us-gaap/2024#OtherLiabilitiesNoncurrent http://fasb.org/us-gaap/2024#OtherLiabilitiesNoncurrent http://fasb.org/us-gaap/2024#PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization http://fasb.org/us-gaap/2024#PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization xbrli:shares iso4217:USD iso4217:USD xbrli:shares lcid:facility xbrli:pure lcid:obligation lcid:day iso4217:SAR lcid:tranche lcid:period lcid:lawsuit lcid:vehicle 0001811210 2024-01-01 2024-06-30 0001811210 2024-07-30 0001811210 2024-06-30 0001811210 2023-12-31 0001811210 us-gaap:RelatedPartyMember 2024-06-30 0001811210 us-gaap:RelatedPartyMember 2023-12-31 0001811210 us-gaap:RelatedPartyMember 2024-04-01 2024-06-30 0001811210 us-gaap:RelatedPartyMember 2023-04-01 2023-06-30 0001811210 us-gaap:RelatedPartyMember 2024-01-01 2024-06-30 0001811210 us-gaap:RelatedPartyMember 2023-01-01 2023-06-30 0001811210 2024-04-01 2024-06-30 0001811210 2023-04-01 2023-06-30 0001811210 2023-01-01 2023-06-30 0001811210 us-gaap:RedeemableConvertiblePreferredStockMember 2024-03-31 0001811210 us-gaap:CommonStockMember 2024-03-31 0001811210 us-gaap:AdditionalPaidInCapitalMember 2024-03-31 0001811210 us-gaap:TreasuryStockCommonMember 2024-03-31 0001811210 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-03-31 0001811210 us-gaap:RetainedEarningsMember 2024-03-31 0001811210 2024-03-31 0001811210 us-gaap:RetainedEarningsMember 2024-04-01 2024-06-30 0001811210 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-04-01 2024-06-30 0001811210 us-gaap:AdditionalPaidInCapitalMember 2024-04-01 2024-06-30 0001811210 us-gaap:CommonStockMember 2024-04-01 2024-06-30 0001811210 us-gaap:RedeemableConvertiblePreferredStockMember 2024-04-01 2024-06-30 0001811210 us-gaap:RedeemableConvertiblePreferredStockMember 2024-06-30 0001811210 us-gaap:CommonStockMember 2024-06-30 0001811210 us-gaap:AdditionalPaidInCapitalMember 2024-06-30 0001811210 us-gaap:TreasuryStockCommonMember 2024-06-30 0001811210 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-06-30 0001811210 us-gaap:RetainedEarningsMember 2024-06-30 0001811210 us-gaap:CommonStockMember 2023-03-31 0001811210 us-gaap:AdditionalPaidInCapitalMember 2023-03-31 0001811210 us-gaap:TreasuryStockCommonMember 2023-03-31 0001811210 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-03-31 0001811210 us-gaap:RetainedEarningsMember 2023-03-31 0001811210 2023-03-31 0001811210 us-gaap:RetainedEarningsMember 2023-04-01 2023-06-30 0001811210 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-04-01 2023-06-30 0001811210 us-gaap:AdditionalPaidInCap