Lucid Group Files 2024 10-K
Ticker: LCID · Form: 10-K · Filed: 2025-02-25T00:00:00.000Z
Sentiment: neutral
Topics: 10-K, automotive, financials
TL;DR
Lucid's 2024 10-K is in. Full financials and operations details for the year ending Dec 31, 2024.
AI Summary
Lucid Group, Inc. filed its 2024 10-K on February 25, 2025, reporting on its fiscal year ending December 31, 2024. The company, formerly known as Churchill Capital Corp IV, is a manufacturer of motor vehicles. The filing details its financial performance and operational status for the year.
Why It Matters
This filing provides investors and the public with a comprehensive overview of Lucid's financial health and strategic direction for the past fiscal year, crucial for understanding its market position and future prospects.
Risk Assessment
Risk Level: medium — As a company in the automotive manufacturing sector, Lucid faces significant risks related to production, competition, and market demand, which are detailed in its 10-K filing.
Key Players & Entities
- Lucid Group, Inc. (company) — Filer
- Churchill Capital Corp IV (company) — Former Company Name
- 2024-12-31 (date) — Fiscal Year End
- 2025-02-25 (date) — Filing Date
- 7373 Gateway Blvd. (address) — Business and Mail Address
- Newark, CA (location) — Business and Mail City/State
FAQ
What was Lucid Group's primary business activity as of the filing date?
Lucid Group, Inc. is engaged in the manufacturing of motor vehicles, as indicated by its Standard Industrial Classification code 3711.
When did Lucid Group, Inc. change its name from Churchill Capital Corp IV?
Lucid Group, Inc. was formerly known as Churchill Capital Corp IV, with a date of name change on 20200714.
What is the SEC file number for Lucid Group, Inc.'s 10-K filing?
The SEC file number for Lucid Group, Inc. is 001-39408.
What is the physical address of Lucid Group, Inc.'s business operations?
Lucid Group, Inc.'s business address is 7373 Gateway Blvd., Newark, CA 94560.
What period does this 10-K filing cover?
This 10-K filing covers the fiscal year ending December 31, 2024.
From the Filing
0001628280-25-007725.txt : 20250225 0001628280-25-007725.hdr.sgml : 20250225 20250225161226 ACCESSION NUMBER: 0001628280-25-007725 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 153 CONFORMED PERIOD OF REPORT: 20241231 FILED AS OF DATE: 20250225 DATE AS OF CHANGE: 20250225 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-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-39408 FILM NUMBER: 25663322 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-K 1 lcid-20241231.htm 10-K lcid-20241231 FALSE 2024 FY 0001811210 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 iso4217:USD xbrli:shares iso4217:USD xbrli:shares lcid:facility xbrli:pure iso4217:SAR lcid:segment lcid:obligation lcid:day lcid:installment lcid:tranche lcid:period lcid:award_reset lcid:lawsuit lcid:vehicle 0001811210 2024-01-01 2024-12-31 0001811210 2024-06-28 0001811210 2025-02-19 0001811210 2023-01-01 2023-12-31 0001811210 2022-01-01 2022-12-31 0001811210 2024-12-31 0001811210 2023-12-31 0001811210 us-gaap:RelatedPartyMember 2024-12-31 0001811210 us-gaap:RelatedPartyMember 2023-12-31 0001811210 lcid:SeriesARedeemableConvertiblePreferredStockMember 2024-12-31 0001811210 lcid:SeriesARedeemableConvertiblePreferredStockMember 2023-12-31 0001811210 lcid:SeriesBRedeemableConvertiblePreferredStockMember 2023-12-31 0001811210 lcid:SeriesBRedeemableConvertiblePreferredStockMember 2024-12-31 0001811210 us-gaap:RelatedPartyMember 2024-01-01 2024-12-31 0001811210 us-gaap:RelatedPartyMember 2023-01-01 2023-12-31 0001811210 us-gaap:RelatedPartyMember 2022-01-01 2022-12-31 0001811210 2021-12-31 0001811210 us-gaap:CommonStockMember 2021-12-31 0001811210 us-gaap:AdditionalPaidInCapitalMember 2021-12-31 0001811210 us-gaap:TreasuryStockCommonMember 2021-12-31 0001811210 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2021-12-31 0001811210 us-gaap:RetainedEarningsMember 2021-12-31 0001811210 us-gaap:RetainedEarningsMember 2022-01-01 2022-12-31 0001811210 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-01-01 2022-12-31 0001811210 us-gaap:AdditionalPaidInCapitalMember 2022-01-01 2022-12-31 0001811210 us-gaap:CommonStockMember 2022-01-01 2022-12-31 0001811210 us-gaap:CommonStockMember lcid:AtTheMarketOfferingMember 2022-01-01 2022-12-31 0001811210 us-gaap:AdditionalPaidInCapitalMember lcid:AtTheMarketOfferingMember 2022-01-01 2022-12-31 0001811210 lcid:AtTheMarketOfferingMember 2022-01-01 2022-12-31 0001811210 us-gaap:CommonStockMember lcid:A2022SubscriptionAgreementMember 2022-01-01 2022-12-31 0001811210 us-gaap:AdditionalPaidInCapitalMember lcid:A2022SubscriptionAgreementMember 2022-01-01 2022-12-31 0001811210 lcid:A2022SubscriptionAgreementMember 2022-01-01 2022-12-31 0001811210 2022-12-31 0001811210 us-gaap:CommonStockMember 2022-12-31 0001811210 us-gaap:AdditionalPaidInCapitalMember 2022-12-31 0001811210 us-gaap:TreasuryStockCommonMember 2022-12-31 0001811210 us-gaap:Accumul