Lucid Group Files Q3 2024 10-Q
Ticker: LCID · Form: 10-Q · Filed: 2024-11-07T00:00:00.000Z
Sentiment: neutral
Topics: 10-Q, electric-vehicles, financials
TL;DR
Lucid's Q3 2024 10-Q is in: check financials for EV maker's latest.
AI Summary
Lucid Group, Inc. filed its 10-Q for the period ending September 30, 2024. The company reported its financial results and provided updates on its operations. Key financial data and operational details are presented in this filing, which covers the third quarter of 2024.
Why It Matters
This filing provides investors with the latest financial performance and operational status of Lucid Group, Inc., crucial for understanding the company's trajectory in the competitive electric vehicle market.
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
- 2024-09-30 — End of Reporting Period (Indicates the specific date for which financial information is reported.)
- 2024-11-07 — Filing Date (The date the 10-Q was officially submitted to the SEC.)
- 2023-12-31 — Previous Fiscal Year End (Provides a reference point for year-over-year comparisons.)
Key Players & Entities
- Lucid Group, Inc. (company) — Filer of the 10-Q
- 20240930 (date) — End of the reporting period
- 20241107 (date) — Filing date
- Churchill Capital Corp IV (company) — Former company name
- Annetta Acquisition Corp (company) — Former company name
FAQ
What is the reporting period for this 10-Q filing?
The reporting period for this 10-Q filing is the quarter ended September 30, 2024.
When was this 10-Q filed with the SEC?
This 10-Q was filed on November 7, 2024.
What were Lucid Group's former company names?
Lucid Group, Inc. was formerly known as Churchill Capital Corp IV and Annetta Acquisition Corp.
What is Lucid Group's Standard Industrial Classification code?
Lucid Group's Standard Industrial Classification code is 3711, for MOTOR VEHICLES & PASSENGER CAR BODIES.
What is the company's state of incorporation?
Lucid Group, Inc. is incorporated in Delaware (DE).
From the Filing
0001628280-24-046263.txt : 20241107 0001628280-24-046263.hdr.sgml : 20241107 20241107161057 ACCESSION NUMBER: 0001628280-24-046263 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 121 CONFORMED PERIOD OF REPORT: 20240930 FILED AS OF DATE: 20241107 DATE AS OF CHANGE: 20241107 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: 241435756 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-20240930.htm 10-Q lcid-20240930 FALSE 2024 Q3 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 2024-09-30 0001811210 2024-11-01 0001811210 2024-09-30 0001811210 2023-12-31 0001811210 us-gaap:RelatedPartyMember 2024-09-30 0001811210 us-gaap:RelatedPartyMember 2023-12-31 0001811210 lcid:SeriesARedeemableConvertiblePreferredStockMember 2023-12-31 0001811210 lcid:SeriesARedeemableConvertiblePreferredStockMember 2024-09-30 0001811210 lcid:SeriesBRedeemableConvertiblePreferredStockMember 2024-09-30 0001811210 lcid:SeriesBRedeemableConvertiblePreferredStockMember 2023-12-31 0001811210 us-gaap:RelatedPartyMember 2024-07-01 2024-09-30 0001811210 us-gaap:RelatedPartyMember 2023-07-01 2023-09-30 0001811210 us-gaap:RelatedPartyMember 2024-01-01 2024-09-30 0001811210 us-gaap:RelatedPartyMember 2023-01-01 2023-09-30 0001811210 2024-07-01 2024-09-30 0001811210 2023-07-01 2023-09-30 0001811210 2023-01-01 2023-09-30 0001811210 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:RetainedEarningsMember 2024-07-01 2024-09-30 0001811210 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-07-01 2024-09-30 0001811210 us-gaap:AdditionalPaidInCapitalMember 2024-07-01 2024-09-30 0001811210 us-gaap:CommonStockMember 2024-07-01 2024-09-30 0001811210 lcid:SeriesBRedeemableConvertiblePreferredStockMember 2024-07-01 2024-09-30 0001811210 us-gaap:CommonStockMember 2024-09-30 0001811210 us-gaap:AdditionalPaidInCapitalMember 2024-09-30 0001811210 us-gaap:TreasuryStockCommonMember 2024-09-30 0001811210 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-09-30 0001811210 us-gaap:RetainedEarningsMember 2024-09-30 0001811210 us-gaap:CommonStockMember 2023-06-30 0001811210 us-gaap:AdditionalPaidInCapitalMember 2023-06-30 0001811210 us-gaap:TreasuryStockCommonMember 2023-06-30 0001811210 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-06-30 0001811210 us-gaap:RetainedEarningsMember 2023-06-30 0001811210 2023-06-30 0001811210 us-gaap:Re