As part of the Q1 numbers that were released, Lucid revealed that they delivered 360 Airs, helping account for $57.7 million in revenue.

Overall they now have 30,000 reservations.


Lucid reservations, deliveries, and revenue for Q1 2022
According to its quarterly report, Lucid delivered 360 EVs, helping account for $57.7 million in revenue. 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.
There’s still plenty of room for optimism, as the automaker still has lots of customer demand looking ahead. Lucid CFO Sherry House elaborated:
Our Q1 revenue was $57.7 million, primarily driven by higher customer deliveries of Lucid Air vehicles. We continue to have a healthy balance sheet, closing the quarter with nearly $5.4 billion of cash on hand, which we believe is sufficient to fund the Company well into 2023. In addition to the 30,000 customer reservations we announced today, we recently signed a deal in which the government of Saudi Arabia committed to purchase up to 100,000 electric vehicles from Lucid over the next 10 years.
The up to 100,000 EVs (50k guaranteed) to Saudi Arabia House mentions should certainly help revenue in the future, but production will need to speed up in the United States, even before Lucid’s planned production facility in Saudi Arabia breaks ground.