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Image source: Lucid. Why did Lucid disappoint the market? Lucid delivered its first Air sedans in late 2021, and it originally claimed it could deliver 20,000 vehicles in 2022 and 49,000 vehicles ...
Lucid began building its first all-electric Lucid Air sedan in Arizona in September 2021, and deliveries began in late October. [35] Lucid produced 7,180 vehicles in 2022, [36] lower than expected, with the company citing supply chain issues. [37] [38] Lucid produced 8,428 vehicles in 2023, meeting the higher end of company guidance. [39]
In fact, with Lucid hitting three consecutive quarterly records for deliveries, the company has now let consumers take the wheel of over 7,100 Lucid EVs in 2024, already easily topping the company ...
As of 1 p.m. ET, Lucid's shares were up about 13.1% from Friday's closing price. It's worth noting that those concerns were always overblown with Lucid. Why Lucid's Stock Is Defying Gravity Again
While the data is good to see, cost efficiencies may come as a surprise to investors since Lucid lost $790 million in the second quarter, or nearly $330,000 per unit delivered in Q2.
Shares of Lucid Group (NASDAQ: LCID) are rising sharply today. While the electric vehicle (EV) maker hasn't yet released its own fourth-quarter production and delivery figures, data from its peers ...
Lucid gets a $1.5 billion boost. The first bit of good news was the company generated more revenue than Wall Street expected. Lucid reported revenue of $200 million while analysts expected sales ...
That's helped lead to a nearly 5% drop in Lucid shares today. As of 2:35 p.m. ET, Lucid stock was still lower by 2.5%. Another almost $100,000 EV. Thus far Lucid has only been selling different ...