![]() There’s still plenty of room for optimism, as the automaker still has lots of customer demand looking ahead. Despite a slow output of vehicles in the first three months of the year, Lucid states it remains on track to produce 12,000 to 14,000 vehicles in 2022 – a revised target first reported during last quarter’s earnings call. Lucid reservations, deliveries, and revenue for Q1 2022Īccording to its quarterly report, Lucid delivered 360 EVs, helping account for $57.7 million in revenue. Here’s a recap of Lucid’s Q1 report for 2022. ![]() While EV deliveries more than doubled in Q1 of 2022 compared to Q4 of 2021, Lucid Motors is still looking to reach full stride at its AMP-1 manufacturing facility in Arizona.Īs an additional sign of the times, Lucid has announced upcoming price increases to most of the Air sedan trims. The company has continued Air deliveries since then, following with the Air Grand Touring while managing production expectations for 2022 amidst supply chain constraints. While Lucid Motors has been working for over 15 years to bring luxury performance EVs to the masses, it truly stepped out into the spotlight last fall when the first deliveries of its Dream Edition Air sedan began. Additionally, Lucid announced substantial price increases to multiple trims of its Air sedan for any new reservations beginning June 1. American EV automaker Lucid Motors shared its Q1 numbers for 2022, today reporting nearly $58 million in revenue despite a slow uptick of deliveries.
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