Lucid Group, Inc. (LCID) Q1 2025 Earnings Call Transcript

Lucid Group, Inc. (NASDAQ:LCID) Q1 2025 Earnings Conference Call May 6, 2025 5:30 PM ET

Company Participants

Maynard Um - IR
Marc Winterhoff - Interim Chief Executive Officer
Taoufiq Boussaid - Chief Financial Officer

Conference Call Participants

Stephen Gengaro - Stifel
Andres Sheppard - Cantor Fitzgerald
David Sunderland - Baird
Tobias Beith - Redburn Atlantic

Operator

Hello, and welcome to Lucid First Quarter 2025 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question-and-answer session. [Operator Instructions].

I would now like to turn the conference over to Maynard Um. Sir, you may begin.

Maynard Um

Thank you, and welcome to Lucid Group's first quarter 2025 earnings call. Joining me today are Marc Winterhoff, our Interim CEO, and Taoufiq Boussaid, CFO.

Before handing the call over to Marc, let me remind you that some of the statements on this call include forward-looking statements under federal securities laws. These include, without limitation, statements regarding the future financial performance of the company, production and delivery volumes, vehicle and products, studios and service networks, financial and operating outlook and guidance, macroeconomic policy and industry trends, tariffs and trade policy, company initiatives, and other future events. These statements are based on the predictions and expectations as of today, and actual events or results may differ due to a number of risks and uncertainties.

We refer you to the cautionary language and the risk factors in our most recent filings with the SEC and the forward-looking statements on Page 2 of our investor deck, available on the Investor Relations section of our website at ir.lucidmotors.com.

In addition, management will make reference to non-GAAP financial measures during this call. A discussion of why we use non-GAAP financial measures and information regarding reconciliation of our GAAP versus non-GAAP