2021 Q4 Form 10-Q Financial Statement

#000162828021023384 Filed on November 15, 2021

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2020 Q4
Revenue $26.39M $232.0K $0.00
YoY Change -30.54%
Cost Of Revenue $151.5M $3.320M $2.500M
YoY Change 5958.92% 445.16%
Gross Profit -$125.1M -$3.088M $1.100M
YoY Change -11471.0% 1022.91%
Gross Profit Margin -473.94% -1331.03%
Selling, General & Admin $197.0M $251.6M $31.30M
YoY Change 529.38% 800.5%
% of Gross Profit 2845.45%
Research & Development $163.6M $242.4M $169.5M
YoY Change -3.48% 81.05%
% of Gross Profit 15409.09%
Depreciation & Amortization $36.29M $14.90M $4.770M
YoY Change 660.71% 609.52%
% of Gross Profit 433.64%
Operating Expenses $360.6M $494.0M $2.643M
YoY Change 13543.7% 205.24%
Operating Profit -$485.7M -$497.1M -$1.543M
YoY Change 31376.6% 206.63%
Interest Expense -$1.263M $76.00K -$58.41M
YoY Change -97.84% 660.0%
% of Operating Profit
Other Income/Expense, Net -$558.7M -$27.33M -$2.168M
YoY Change 25676.46% -3906.55%
Pretax Income -$1.046B -$524.4M -$63.22M
YoY Change 1553.98% 224.93%
Income Tax $18.00K $0.00 $90.45K
% Of Pretax Income
Net Earnings -$1.046B -$524.4M -$63.31M
YoY Change 1551.65% 225.24%
Net Earnings / Revenue -3962.11% -226035.78%
Basic Earnings Per Share -$0.43
Diluted Earnings Per Share -$646.0K -$0.43 -$280.9K
COMMON SHARES
Basic Shares Outstanding 1.646B shares 1.217B shares
Diluted Shares Outstanding 1.217B shares

Balance Sheet

Concept 2021 Q4 2021 Q3 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $6.263B $4.797B $3.593M
YoY Change 174215.31% 113625.5%
Cash & Equivalents $6.263B $4.797B $614.4M
Short-Term Investments $0.00 $505.0K
Other Short-Term Assets $43.33M $20.21M $24.50M
YoY Change 76.88% 1751.63% 19.04%
Inventory $127.3M $61.16M $1.043M
Prepaid Expenses $70.35M $80.35M $21.84M
Receivables $3.148M $261.0K $260.0K
Other Receivables $0.00 $27.43M $0.00
Total Short-Term Assets $6.507B $4.987B $662.6M
YoY Change 882.1% 93813.04% 56.55%
LONG-TERM ASSETS
Property, Plant & Equipment $1.344B $965.9M $713.3M
YoY Change 88.44% 399.45%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $2.070B
YoY Change
Other Assets $30.61M $42.70M $26.85M
YoY Change 14.0% 472768.22% 1164.17%
Total Long-Term Assets $1.375B $1.152B $740.1M
YoY Change 85.74% -44.33% 373.33%
TOTAL ASSETS
Total Short-Term Assets $6.507B $4.987B $662.6M
Total Long-Term Assets $1.375B $1.152B $740.1M
Total Assets $7.882B $6.139B $1.403B
YoY Change 461.9% 195.79% 142.01%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $41.34M $8.914M $17.33M
YoY Change 138.52% 26644.67% 36.95%
Accrued Expenses $43.42M $43.56M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $15.28M $24.67M $980.0K
YoY Change 1459.29%
Long-Term Debt Due $4.183M $3.268M
YoY Change
Total Short-Term Liabilities $396.1M $269.4M $185.3M
YoY Change 113.78% 808204.83% 181.34%
LONG-TERM LIABILITIES
Long-Term Debt $1.987B $4.687M $0.00
YoY Change
Other Long-Term Liabilities $188.6M $183.1M $39.14M
YoY Change 381.81% 152.72% 40.82%
Total Long-Term Liabilities $2.175B $183.1M $39.14M
YoY Change 5458.05% 152.72% 40.82%
TOTAL LIABILITIES
Total Short-Term Liabilities $396.1M $269.4M $185.3M
Total Long-Term Liabilities $2.175B $183.1M $39.14M
Total Liabilities $3.972B $1.294B $227.4M
YoY Change 1647.0% 1685.27% 79.5%
SHAREHOLDERS EQUITY
Retained Earnings -$6.066B -$5.000B -$1.357B
YoY Change 347.04% 112.84%
Common Stock $165.0K $164.0K $3.000K
YoY Change 5400.0% 50.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $20.72M $0.00
YoY Change
Treasury Stock Shares 857.8K shares 0.000 shares
Shareholders Equity $3.909B $4.845B -$1.319B
YoY Change
Total Liabilities & Shareholders Equity $7.882B $6.139B $1.403B
YoY Change 461.9% 195.79% 142.01%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2020 Q4
OPERATING ACTIVITIES
Net Income -$1.046B -$524.4M -$63.31M
YoY Change 1551.65% 225.24%
Depreciation, Depletion And Amortization $36.29M $14.90M $4.770M
YoY Change 660.71% 609.52%
Cash From Operating Activities -$312.7M -$291.6M -$1.076M
YoY Change 28977.01% 20852.12%
INVESTING ACTIVITIES
Capital Expenditures -$121.9M -$92.78M $103.7M
YoY Change -217.53% -188.56%
Acquisitions
YoY Change
Other Investing Activities $508.0K $0.00 $450.0K
YoY Change 12.89% -100.0%
Cash From Investing Activities -$121.4M -$92.78M $450.0K
YoY Change -27077.56% -95.52%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $200.0K
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.900B 4.625B 0.000
YoY Change 122.83%
NET CHANGE
Cash From Operating Activities -312.7M -291.6M -1.076M
Cash From Investing Activities -121.4M -92.78M 450.0K
Cash From Financing Activities 1.900B 4.625B 0.000
Net Change In Cash 1.465B 4.240B -625.5K
YoY Change -234373.98% 104696.27%
FREE CASH FLOW
Cash From Operating Activities -$312.7M -$291.6M -$1.076M
Capital Expenditures -$121.9M -$92.78M $103.7M
Free Cash Flow -$190.8M -$198.8M -$104.8M
YoY Change 82.09% 87.28%

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DESCRIPTION OF BUSINESS<div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Overview</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:107%">Lucid Group, Inc. (“Lucid”) is a vertically-integrated technology and automotive company focused on designing, developing, manufacturing, and selling the next generation of electric vehicle (“EV”), EV powertrains and battery systems.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:120%">Lucid was originally incorporated in Delaware on April 30, 2020 under the name Churchill Capital Corp IV (formerly known as Annetta Acquisition Corp) (“Churchill”) as a special purpose acquisition company with the purpose of effecting a merger with one or more operating businesses. On </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">February 22, 2021</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:120%">, Churchill entered into a definitive merger agreement (the “Merger Agreement”) with Atieva, Inc. (“Legacy Lucid”) in which Legacy Lucid would become a wholly owned subsidiary of Churchill (the “Merger”). Upon the closing of the Merger on </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">July 23, 2021</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:120%"> (the “Closing”), Churchill was immediately renamed to “Lucid Group, Inc.” The Merger between Churchill and Legacy Lucid was accounted for as a reverse recapitalization. See Note </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">3</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">– </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:120%">Reverse Recapitalization for more information.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:120%">Throughout the notes to the consolidated financial statements, unless otherwise noted, the “Company,” “we,” “us” or “our” and similar terms refer to Legacy Lucid and its subsidiaries prior to the consummation of the Merger, and Lucid and its subsidiaries after the consummation of the Merger.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Liquidity and Going Concern</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company devotes its efforts to business planning, research and development, recruiting of management and technical staff, acquiring operating assets, and raising capital.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">From inception through September 30, 2021, the Company has incurred operating losses and negative cash flows from operating activities. For the nine months ended September 30, 2021 and 2020, the Company has incurred operating losses, including net losses of $1.5 billion and $408.1 million, respectively. The Company has an accumulated deficit of $5.0 billion as of September 30, 2021. </span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">During the quarter ended June 30, 2021, the Company completed the first phase of the construction of its newly built manufacturing plant in Casa Grande, Arizona (the “Arizona plant”). The Company began commercial production of its first vehicle, the Lucid Air, in September 2021 and delivered its first vehicles in late October 2021. The Company continues to expand the Arizona plant and build-out of a network of retail sales and service locations. The Company has plans for continued development of additional vehicle model types for future release. The aforementioned activities will require considerable capital, above and beyond the expected cash inflows from the initial sales of the Lucid Air. As such, the future operating plan involves considerable risk if secure funding sources are not identified and confirmed.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company’s existing sources of liquidity include cash and cash equivalents. Prior to the Merger, the Company historically funded operations primarily with issuances of convertible preferred stock and convertible notes. Upon the completion of the Merger, the Company received $4,400.3 million in cash proceeds, net of transaction costs.</span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> The Company believes the Merger eliminated the substantial doubt about the Company’s ability to continue as a going concern within one year after the date of issuance of this quarterly report on Form 10-Q (the “Quarterly Report”). </span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Certain Significant Risks and Uncertainties</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company’s current business activities consist of research and development efforts to design and develop a high-performance fully electric vehicle and advanced electric vehicle powertrain components, including battery pack systems; building of the Company’s production operations in Casa Grande, Arizona; and build-out of the Company’s retail stores and service centers for distribution of the vehicles to customers. The Company is subject to the risks associated with such activities, including the need to further develop its technology, its marketing, and distribution channels; further develop its supply chain and manufacturing; and hire additional management and other key personnel. Successful completion of the Company’s development program and, ultimately, the attainment of profitable operations are dependent upon future events, including its ability to access potential markets, and secure long-term financing.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company participates in a dynamic high-technology industry. Changes in any of the following areas could have a material adverse impact on the Company’s future financial position, results of operations, and/or cash flows: advances and trends in new technologies; competitive pressures; changes in the overall demand for its products and services; acceptance of the Company’s products and services; litigation or claims against the Company based on intellectual property, patent, regulatory, or other factors; and the Company’s ability to attract and retain employees necessary to support its growth.</span></div>In late 2019, a novel strain of coronavirus (COVID-19) began to affect the population of China and expanded into a worldwide pandemic during 2020, leading to significant business and supply chain disruptions, as well as broad-based changes in supply and demand. The Company’s operations have experienced disruptions, such as temporary closure of its offices, and those of its customers and suppliers, and product research and development. The Company was able to proceed with the construction of the Arizona plant while still meeting all COVID-19 restrictions and required safety measures. The extent of the impact of COVID-19 on the Company’s operational and financial performance will depend on future developments, including the duration and spread of the outbreak. Nevertheless, COVID-19 presents a material uncertainty and risk with respect to the Company, its performance, and its financial results and could adversely affect the Company’s financial position and results of operations.
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Use of EstimatesThe preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates. Significant estimates, assumptions and judgments made by management include, among others, the determination of the useful lives of property and equipment, fair value of preferred stock warrants, fair value of common stock warrants, fair value of contingent forward contracts liability, valuation of deferred income tax assets and uncertain tax positions, fair value of common stock and other assumptions used to measure stock-based compensation expense, and estimated incremental borrowing rates for assessing operating and financing lease liabilities.
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us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Concentration of Credit Risk</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Financial instruments that potentially subject the Company to concentration of credit risk consist of cash, cash equivalents, short-term investments, and accounts receivable. The Company places its cash primarily with domestic financial institutions that are federally insured within statutory limits, but at times its deposits may exceed federally insured limits. Further, accounts receivable primarily consists of current trade receivables from a single customer as of September 30, 2021 and December 31, 2020, and the Company’s revenue is primarily from the same customer for each of the three and nine months ended September 30, 2021 and 2020.</span></div>
CY2020Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
21840000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
713274000 USD
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
0 USD
CY2020Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
151753000 USD
CY2020Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
39139000 USD
CY2021Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
451295965 shares
CY2021Q3 lcid Reverse Recapitalization Conversion Price
ReverseRecapitalizationConversionPrice
10.00
CY2021Q3 lcid Recapitalization Exchange Ratio
RecapitalizationExchangeRatio
2.644
CY2021Q3 lcid Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments And Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsAndOptionsOutstandingNumber
42182931 shares
CY2021Q3 lcid Share Based Payment Award Equity Instruments And Options Converted Reverse Recapitalization
ShareBasedPaymentAwardEquityInstrumentsAndOptionsConvertedReverseRecapitalization
111531080 shares
CY2021Q3 lcid Reverse Recapitalization Conversion Price
ReverseRecapitalizationConversionPrice
10.00
CY2021Q3 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
437182072 shares
CY2021Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
451295965 shares
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
25764610 shares
CY2021Q3 lcid Share Based Payment Award Options Converted
ShareBasedPaymentAwardOptionsConverted
68121210 shares
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
16418321 shares
CY2021Q3 lcid Share Based Payment Award Non Option Equity Instruments Converted Reverse Recapitalization
ShareBasedPaymentAwardNonOptionEquityInstrumentsConvertedReverseRecapitalization
43409870 shares
CY2021Q3 us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
2500000000 USD
CY2021Q3 lcid Reverse Recapitalization Working Capital Loan Converted Amount
ReverseRecapitalizationWorkingCapitalLoanConvertedAmount
1500000 USD
CY2021Q3 us-gaap Debt Conversion Converted Instrument Warrants Or Options Issued1
DebtConversionConvertedInstrumentWarrantsOrOptionsIssued1
1500000 shares
CY2021Q3 lcid Debt Conversion Converted Instrument Warrants Or Options Issued Price Per Warrant
DebtConversionConvertedInstrumentWarrantsOrOptionsIssuedPricePerWarrant
1.00
CY2021Q3 lcid Reverse Recapitalization Contingent Consideration Shares
ReverseRecapitalizationContingentConsiderationShares
17250000 shares
CY2021Q3 lcid Reverse Recapitalization Contingent Consideration Warrants
ReverseRecapitalizationContingentConsiderationWarrants
14783333 shares
CY2021Q3 lcid Reverse Recapitalization Conversion Price
ReverseRecapitalizationConversionPrice
10.00
CY2021Q3 lcid Stock Issued During Period Shares Reverse Recapitalization
StockIssuedDuringPeriodSharesReverseRecapitalization
425395023 shares
CY2021Q3 lcid Stock Converted Reverse Recapitalization
StockConvertedReverseRecapitalization
1193226511 shares
CY2021Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
1618621534 shares
CY2021Q3 us-gaap Stock Issued During Period Shares Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures
17250000 shares
CY2021Q3 lcid Share Based Payment Award Equity Instruments And Options Converted Reverse Recapitalization
ShareBasedPaymentAwardEquityInstrumentsAndOptionsConvertedReverseRecapitalization
111531080 shares
CY2021Q3 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
85750000 shares
CY2021Q3 lcid Reverse Recapitalization Contingent Consideration Warrants
ReverseRecapitalizationContingentConsiderationWarrants
14783333 shares
CY2021Q3 lcid Proceeds From Reverse Recapitalization
ProceedsFromReverseRecapitalization
4439200000 USD
CY2021Q3 lcid Cash Acquired Through Reverse Recapitalization
CashAcquiredThroughReverseRecapitalization
2070100000 USD
CY2021Q3 us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
2500000000 USD
CY2021Q3 us-gaap Cash
Cash
400000 USD
CY2021Q3 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
200000 USD
CY2021Q3 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
21644 shares
CY2021Q3 lcid Reverse Recapitalization Transaction Costs Incurred
ReverseRecapitalizationTransactionCostsIncurred
38900000 USD
CY2021Q3 lcid Adjustments To Additional Paid In Capital Reduction For Reverse Recapitalization Transaction Costs
AdjustmentsToAdditionalPaidInCapitalReductionForReverseRecapitalizationTransactionCosts
36200000 USD
CY2021Q3 lcid Reverse Recapitalization Transaction Costs Expensed
ReverseRecapitalizationTransactionCostsExpensed
2700000 USD
CY2021Q3 lcid Proceeds From Reverse Recapitalization Net Of Transaction Costs
ProceedsFromReverseRecapitalizationNetOfTransactionCosts
4400300000 USD
CY2021Q3 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
48588000 USD
CY2020Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
661000 USD
CY2021Q3 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
11891000 USD
CY2020Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
70000 USD
CY2021Q3 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
676000 USD
CY2020Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
312000 USD
CY2021Q3 us-gaap Inventory Net
InventoryNet
61155000 USD
CY2020Q4 us-gaap Inventory Net
InventoryNet
1043000 USD
CY2021Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1015636000 USD
CY2021Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1015636000 USD
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
738045000 USD
CY2021Q3 us-gaap Shares Subject To Mandatory Redemption Settlement Terms Amount Current
SharesSubjectToMandatoryRedemptionSettlementTermsAmountCurrent
0 USD
CY2020Q4 us-gaap Shares Subject To Mandatory Redemption Settlement Terms Amount Current
SharesSubjectToMandatoryRedemptionSettlementTermsAmountCurrent
3000000 USD
CY2021Q3 us-gaap Short Term Borrowings
ShortTermBorrowings
24674000 USD
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
738045000 USD
CY2021Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
49735000 USD
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
24771000 USD
CY2021Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
965901000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
713274000 USD
CY2021Q3 us-gaap Depreciation
Depreciation
14900000 USD
CY2020Q3 us-gaap Depreciation
Depreciation
2100000 USD
us-gaap Depreciation
Depreciation
26600000 USD
us-gaap Depreciation
Depreciation
5400000 USD
CY2020Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
980000 USD
CY2021Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
14611000 USD
CY2021Q3 lcid Engineering Design And Testing Liability Current
EngineeringDesignAndTestingLiabilityCurrent
31271000 USD
CY2020Q4 lcid Engineering Design And Testing Liability Current
EngineeringDesignAndTestingLiabilityCurrent
42518000 USD
CY2021Q3 us-gaap Construction Payable Current
ConstructionPayableCurrent
21638000 USD
CY2020Q4 us-gaap Construction Payable Current
ConstructionPayableCurrent
43115000 USD
CY2021Q3 lcid Tenant Improvement Liability Current
TenantImprovementLiabilityCurrent
15203000 USD
CY2020Q4 lcid Tenant Improvement Liability Current
TenantImprovementLiabilityCurrent
6114000 USD
CY2021Q3 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
6029000 USD
CY2020Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
9083000 USD
CY2021Q3 lcid Tooling Liability Current
ToolingLiabilityCurrent
12338000 USD
CY2020Q4 lcid Tooling Liability Current
ToolingLiabilityCurrent
15243000 USD
CY2021Q3 us-gaap Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
32728000 USD
CY2020Q4 us-gaap Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
0 USD
CY2020Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
0 USD
CY2021Q3 lcid Reverse Recapitalization Transaction Cost Liability
ReverseRecapitalizationTransactionCostLiability
40981000 USD
CY2020Q4 lcid Reverse Recapitalization Transaction Cost Liability
ReverseRecapitalizationTransactionCostLiability
0 USD
CY2021Q3 us-gaap Deferred Rent Credit Noncurrent
DeferredRentCreditNoncurrent
0 USD
CY2020Q4 us-gaap Deferred Rent Credit Noncurrent
DeferredRentCreditNoncurrent
28881000 USD
CY2021Q3 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
28804000 USD
CY2020Q4 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
31700000 USD
CY2021Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
228277000 USD
CY2020Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
151753000 USD
CY2021Q3 us-gaap Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
32700000 USD
CY2021Q3 us-gaap Due From Employees Current
DueFromEmployeesCurrent
27400000 USD
CY2021Q3 us-gaap Prepaid Insurance
PrepaidInsurance
41900000 USD
lcid Prepaid Insurance Term
PrepaidInsuranceTerm
P2Y
CY2021Q3 us-gaap Prepaid Insurance
PrepaidInsurance
41900000 USD
CY2021Q3 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
13398000 USD
CY2020Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
8028000 USD
CY2021Q3 us-gaap Capital Lease Obligations Noncurrent
CapitalLeaseObligationsNoncurrent
0 USD
CY2020Q4 us-gaap Capital Lease Obligations Noncurrent
CapitalLeaseObligationsNoncurrent
1996000 USD
CY2021Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
169433000 USD
CY2020Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
0 USD
CY2021Q3 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
265000 USD
CY2020Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
234000 USD
CY2021Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
183096000 USD
CY2020Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
39139000 USD
CY2021Q2 us-gaap Share Price
SharePrice
23.78
CY2017Q3 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
2 shares
CY2017Q3 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
1546799 shares
CY2017Q3 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
1.94
CY2020Q4 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
1546799 shares
CY2020Q4 lcid Class Of Warrant Or Right Fair Value Per Share
ClassOfWarrantOrRightFairValuePerShare
1.94
CY2020Q4 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
3000000 USD
CY2021Q1 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
1.94
CY2021Q1 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
3000000 USD
CY2021Q1 lcid Temporary Equity Stock Issued During Period Value Warrant Exercises
TemporaryEquityStockIssuedDuringPeriodValueWarrantExercises
12900000 USD
CY2020Q3 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
100000 USD
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
200000 USD
CY2021Q1 lcid Probability Weighted Expected Return Method Number Of Scenarios Considered
ProbabilityWeightedExpectedReturnMethodNumberOfScenariosConsidered
3 scenario
CY2021Q1 lcid Probability Weighted Expected Return Method Number Of Scenarios Considered
ProbabilityWeightedExpectedReturnMethodNumberOfScenariosConsidered
3 scenario
CY2021Q1 lcid Probability Weighted Expected Return Method Likelihood Percentage Of Opm Scenario
ProbabilityWeightedExpectedReturnMethodLikelihoodPercentageOfOPMScenario
0.20
CY2021Q1 lcid Probability Weighted Expected Return Method Likelihood Percentage Of As Converted Spac Scenario
ProbabilityWeightedExpectedReturnMethodLikelihoodPercentageOfAsConvertedSPACScenario
0.70
CY2021Q1 lcid Probability Weighted Expected Return Method Likelihood Percentage Of As Converted Ipo Scenario
ProbabilityWeightedExpectedReturnMethodLikelihoodPercentageOfAsConvertedIPOScenario
0.10
CY2021Q3 lcid Reverse Recapitalization Contingent Consideration Warrants
ReverseRecapitalizationContingentConsiderationWarrants
14783333 shares
CY2021Q3 lcid Reverse Recapitalization Contingent Consideration Warrants Vested
ReverseRecapitalizationContingentConsiderationWarrantsVested
4927778 shares
CY2020Q3 lcid Number Of Milestone Conditions Required To Receive Funding
NumberOfMilestoneConditionsRequiredToReceiveFunding
2 condition
CY2021Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
1316758889 shares
CY2021Q1 us-gaap Temporary Equity Shares Authorized
TemporaryEquitySharesAuthorized
1155909398 shares
CY2021Q3 us-gaap Temporary Equity Par Or Stated Value Per Share
TemporaryEquityParOrStatedValuePerShare
0.0001
CY2020Q4 us-gaap Temporary Equity Par Or Stated Value Per Share
TemporaryEquityParOrStatedValuePerShare
0.0001
CY2020Q4 us-gaap Temporary Equity Shares Authorized
TemporaryEquitySharesAuthorized
1058949780 shares
CY2020Q4 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
957159704 shares
CY2020Q4 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
2494076000 USD
CY2020Q4 us-gaap Temporary Equity Liquidation Preference
TemporaryEquityLiquidationPreference
3497913000 USD
CY2021Q3 us-gaap Convertible Preferred Stock Shares Issued Upon Conversion
ConvertiblePreferredStockSharesIssuedUponConversion
1 shares
CY2021Q3 lcid Convertible Stock Percentage Of Holders Required To Trigger Conversion
ConvertibleStockPercentageOfHoldersRequiredToTriggerConversion
0.6667
CY2021Q3 lcid Convertible Stock Pre Offering Market Capitalization Threshold To Trigger Conversion
ConvertibleStockPreOfferingMarketCapitalizationThresholdToTriggerConversion
2500000000 USD
CY2021Q3 lcid Convertible Stock Ipo Gross Proceeds Required To Trigger Conversion
ConvertibleStockIPOGrossProceedsRequiredToTriggerConversion
200000000 USD
CY2021Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2021Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2021Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2021Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2021Q3 lcid Stock Issued During Period Shares Reverse Recapitalization
StockIssuedDuringPeriodSharesReverseRecapitalization
425395023 shares
CY2021Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
1618621534 shares
CY2021Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2021Q3 lcid Common Stock Voting Rights Number Of Votes Allowed For Each Share
CommonStockVotingRightsNumberOfVotesAllowedForEachShare
1 vote
CY2021Q3 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
11.50
lcid Class Of Warrant Or Right Number Of Warrants Exercised
ClassOfWarrantOrRightNumberOfWarrantsExercised
32082532 shares
CY2021Q3 lcid Class Of Warrant Or Right Number Of Warrants Exercised
ClassOfWarrantOrRightNumberOfWarrantsExercised
32082532 shares
lcid Class Of Warrant Or Right Number Of Warrants Exercised In Noncash Transaction
ClassOfWarrantOrRightNumberOfWarrantsExercisedInNoncashTransaction
17015311 shares
CY2021Q3 lcid Class Of Warrant Or Right Number Of Warrants Exercised In Noncash Transaction
ClassOfWarrantOrRightNumberOfWarrantsExercisedInNoncashTransaction
17015311 shares
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
173300000 USD
CY2021Q3 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
173300000 USD
CY2021Q3 lcid Reverse Recapitalization Contingent Consideration Warrants
ReverseRecapitalizationContingentConsiderationWarrants
14783333 shares
CY2021Q3 lcid Class Of Warrant Or Right Redemption Price
ClassOfWarrantOrRightRedemptionPrice
0.01
CY2021Q3 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
176758741 shares
CY2020Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
1039908056 shares
CY2021Q3 lcid Reverse Recapitalization Contingent Consideration Contingency Period
ReverseRecapitalizationContingentConsiderationContingencyPeriod
P5Y
CY2021Q3 lcid Reverse Recapitalization Contingent Consideration Shares
ReverseRecapitalizationContingentConsiderationShares
17250000 shares
CY2021Q3 lcid Reverse Recapitalization Contingent Consideration Warrants
ReverseRecapitalizationContingentConsiderationWarrants
14783333 shares
CY2021Q3 lcid Reverse Recapitalization Contingent Consideration Shares
ReverseRecapitalizationContingentConsiderationShares
17250000 shares
CY2021Q3 lcid Reverse Recapitalization Contingent Consideration Shares Number Of Tranches
ReverseRecapitalizationContingentConsiderationSharesNumberOfTranches
3 tranche
CY2021Q3 lcid Reverse Recapitalization Contingent Consideration Warrants Number Of Tranches
ReverseRecapitalizationContingentConsiderationWarrantsNumberOfTranches
3 tranche
CY2021Q3 lcid Reverse Recapitalization Contingent Consideration Warrants Target Share Price Threshold Trading Days
ReverseRecapitalizationContingentConsiderationWarrantsTargetSharePriceThresholdTradingDays
40 day
CY2021Q3 lcid Reverse Recapitalization Contingent Consideration Warrants Target Share Price Threshold Consecutive Trading Days
ReverseRecapitalizationContingentConsiderationWarrantsTargetSharePriceThresholdConsecutiveTradingDays
60 day
CY2021Q3 lcid Reverse Recapitalization Contingent Consideration Warrants Target Share Price Threshold Trading Days
ReverseRecapitalizationContingentConsiderationWarrantsTargetSharePriceThresholdTradingDays
40 day
CY2021Q3 lcid Reverse Recapitalization Contingent Consideration Warrants Target Share Price Threshold Consecutive Trading Days
ReverseRecapitalizationContingentConsiderationWarrantsTargetSharePriceThresholdConsecutiveTradingDays
60 day
CY2021Q3 lcid Reverse Recapitalization Contingent Consideration Shares Vested
ReverseRecapitalizationContingentConsiderationSharesVested
5750000 shares
CY2021Q3 lcid Reverse Recapitalization Contingent Consideration Warrants Vested
ReverseRecapitalizationContingentConsiderationWarrantsVested
4927778 shares
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
70675318 shares
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0.84
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y9M18D
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
647218000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
8402925 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
2.85
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
8966272 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0.69
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
3098349 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
1.68
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
67013622 shares
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
1.07
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y9M18D
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
1628923000 USD
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
41932824 shares
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
0.75
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P5Y8M12D
CY2021Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
1032660000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
152800000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
3400000 USD
lcid Share Based Compensation Arrangement By Share Based Payment Award Options Granted In Period Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantedInPeriodFairValue
24000000.0 USD
lcid Share Based Compensation Arrangement By Share Based Payment Award Options Granted In Period Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantedInPeriodFairValue
16100000 USD
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
4700000 USD
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
3100000 USD
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
0 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
43524412 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
341135 shares
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
43183277 shares
CY2021Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
236956000 USD
CY2020Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
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AllocatedShareBasedCompensationExpense
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us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
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CY2021Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
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us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y8M12D
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CY2021Q3 us-gaap Finance Lease Right Of Use Asset
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CY2021Q3 us-gaap Finance Lease Right Of Use Asset
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CY2021Q3 us-gaap Finance Lease Liability Current
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CY2021Q3 us-gaap Finance Lease Liability Noncurrent
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CY2021Q3 us-gaap Finance Lease Liability
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us-gaap Operating Lease Expense
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CY2021Q3 us-gaap Variable Lease Cost
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595000 USD
us-gaap Variable Lease Cost
VariableLeaseCost
1754000 USD
CY2021Q3 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
800000 USD
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
2032000 USD
CY2021Q3 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
115000 USD
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
328000 USD
CY2021Q3 lcid Finance Lease Cost
FinanceLeaseCost
915000 USD
lcid Finance Lease Cost
FinanceLeaseCost
2360000 USD
CY2021Q3 us-gaap Lease Cost
LeaseCost
9771000 USD
us-gaap Lease Cost
LeaseCost
25925000 USD
CY2021Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y10M24D
CY2021Q3 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P2Y4M24D
CY2021Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
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FinanceLeaseWeightedAverageDiscountRatePercent
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us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
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CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
8969000 USD
CY2021Q3 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
939000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
35539000 USD
CY2021Q3 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
3586000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
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CY2021Q3 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
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CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
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35400000 USD
CY2021Q3 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
769000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
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34484000 USD
CY2021Q3 us-gaap Finance Lease Liability Payments Due Year Four
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0 USD
CY2021Q3 lcid Lessee Operating Lease Liability To Be Paid After Year Four
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132938000 USD
CY2021Q3 lcid Finance Lease Liability To Be Paid After Year Four
FinanceLeaseLiabilityToBePaidAfterYearFour
0 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due
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CY2021Q3 us-gaap Finance Lease Liability Payments Due
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CY2021Q3 us-gaap Finance Lease Liability Undiscounted Excess Amount
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573000 USD
CY2021Q3 us-gaap Operating Lease Liability
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CY2021Q3 us-gaap Finance Lease Liability
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CY2021Q3 us-gaap Operating Lease Liability Current
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CY2021Q3 us-gaap Finance Lease Liability Current
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3268000 USD
CY2021Q3 us-gaap Finance Lease Liability Noncurrent
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4687000 USD
CY2021Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
169433000 USD
CY2020Q4 us-gaap Operating Leases Future Minimum Payments Due Current
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25490000 USD
CY2020Q4 us-gaap Capital Leases Future Minimum Payments Due Current
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1729000 USD
CY2020Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
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28837000 USD
CY2020Q4 us-gaap Capital Leases Future Minimum Payments Due In Two Years
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1547000 USD
CY2020Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
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27633000 USD
CY2020Q4 us-gaap Capital Leases Future Minimum Payments Due In Three Years
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1174000 USD
CY2020Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
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28207000 USD
CY2020Q4 us-gaap Capital Leases Future Minimum Payments Due In Four Years
CapitalLeasesFutureMinimumPaymentsDueInFourYears
9000 USD
CY2020Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
27474000 USD
CY2021Q3 us-gaap Purchase Obligation Due In Next Twelve Months
PurchaseObligationDueInNextTwelveMonths
202400000 USD
CY2021Q3 us-gaap Purchase Obligation Due In Second Year
PurchaseObligationDueInSecondYear
202400000 USD
CY2020Q4 us-gaap Capital Leases Future Minimum Payments Due In Five Years
CapitalLeasesFutureMinimumPaymentsDueInFiveYears
0 USD
CY2020Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
116155000 USD
CY2020Q4 us-gaap Capital Leases Future Minimum Payments Due Thereafter
CapitalLeasesFutureMinimumPaymentsDueThereafter
0 USD
CY2020Q4 us-gaap Operating Leases Future Minimum Payments Due
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253796000 USD
CY2020Q4 us-gaap Capital Leases Future Minimum Payments Due
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4459000 USD
CY2020Q4 us-gaap Capital Leases Future Minimum Payments Interest Included In Payments
CapitalLeasesFutureMinimumPaymentsInterestIncludedInPayments
1202000 USD
CY2020Q4 us-gaap Capital Leases Future Minimum Payments Present Value Of Net Minimum Payments
CapitalLeasesFutureMinimumPaymentsPresentValueOfNetMinimumPayments
3257000 USD
CY2020Q4 us-gaap Capital Lease Obligations Current
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1261000 USD
CY2020Q4 us-gaap Capital Lease Obligations Noncurrent
CapitalLeaseObligationsNoncurrent
1996000 USD
us-gaap Longterm Purchase Commitment Period
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P3Y
CY2021Q3 us-gaap Purchase Obligation Future Minimum Payments Remainder Of Fiscal Year
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104370000 USD
CY2021Q3 us-gaap Purchase Obligation
PurchaseObligation
509170000 USD
CY2021Q3 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
2600000 USD
CY2020Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
42900000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
CY2021Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
CY2020Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-100000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2021Q3 us-gaap Effective Income Tax Rate Continuing Operations
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0.000
CY2020Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.000
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.000
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.000
CY2021Q3 us-gaap Unrecognized Tax Benefits
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65600000 USD
CY2020Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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2600000 USD
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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1217032285 shares
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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24279817 shares
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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24279817 shares
CY2021Q3 us-gaap Net Income Loss
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CY2020Q3 us-gaap Net Income Loss
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us-gaap Net Income Loss
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us-gaap Net Income Loss
NetIncomeLoss
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CY2021Q3 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
0 USD
CY2020Q3 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
0 USD
us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
2167332000 USD
us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
0 USD
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2020Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
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-161237000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
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-3701413000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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432654607 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
432654607 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
20889062 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
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20889062 shares
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.43
CY2021Q3 us-gaap Earnings Per Share Diluted
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CY2020Q3 us-gaap Earnings Per Share Basic
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CY2020Q3 us-gaap Earnings Per Share Diluted
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us-gaap Earnings Per Share Diluted
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us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Diluted
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us-gaap Earnings Per Share Basic
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us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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137984401 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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892380192 shares
us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Percent
DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent
1
us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
0 USD
us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
0 USD

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