Lucid Group, Inc. (LCID) Q1 2026 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:03.954 Ladies and gentlemen, thank you for standing by and welcome to the Lucid Group first 00:00:03.954 -- 00:00:09.099 quarter 2026 earnings conference call. Please be advised that today's conference call 00:00:09.099 -- 00:00:13.743 is being recorded. Later, we will conduct a question and answer session. 00:00:13.743 -- 00:00:18.347 To ask the question during that time, please press star 11 on your telephone. 00:00:18.347 -- 00:00:22.210 You will then hear an automated message advising your hand is raised. 00:00:22.210 -- 00:00:25.994 To withdraw your question, please press star 11 again. 00:00:25.994 -- 00:00:29.898 I would now like to turn the conference over to your speaker for today, Nick Twork, Vice 00:00:29.898 -- 00:00:33.564 President of Communications. Please go ahead. 00:00:33.564 -- 00:00:38.150 Thank you, and welcome to LUCID Group's first quarter 2026 earnings call. 00:00:38.150 -- 00:00:43.958 Joining me today are Silvio Napoli, incoming CEO, Mark Winterhoff, our interim CEO, 00:00:43.958 -- 00:00:49.005 and Tawfiq Buseed, our CFO. Before handing the call over to Silvio, let me remind 00:00:49.005 -- 00:00:52.530 you that some of the statements on this call include forward-looking statements under 00:00:52.530 -- 00:00:56.752 federal securities laws. These include, without limitation, statements regarding the 00:00:56.752 -- 00:01:00.836 future financial performance of the company, production and delivery volumes, vehicles 00:01:00.836 -- 00:01:06.001 and products, studios and service networks, financial and operating outlook and guidance, 00:01:06.001 -- 00:01:11.306 macroeconomic, geopolitical, policy and industry trends, tariffs and trade policy, 00:01:11.306 -- 00:01:15.390 company initiatives, leadership changes, and...