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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 ...
Lucid's third-quarter revenue rose 45% year over year to $200 million, which looks good on the surface. But when you dig a little bit deeper, you'll notice that there isn't a clear growth trend.
Lucid still has a lot to prove, but I believe its stock could finally bottom out if it achieves its near-term goals. Declining interest rates and any positive developments for the sluggish EV ...
Although Lucid's spike in sales was partially driven by higher incentives, Rivian might opt for that rather than the third quarter it had. Rivian's third-quarter deliveries dropped by 36% to 10,018.
Shares of electric vehicle (EV) maker Lucid Group (NASDAQ: LCID) are recovering today after tumbling in the wake of the U.S. elections yesterday. But today's bounce looks to be coming for a ...
Lucid has some delivery momentum, a product pipeline, and a wealthy backer in Saudi Arabia's PIF, and it shouldn't hit a massive speed bump if the new administration ends the tax credit.
Lucid is burning through cash. In Q1, Lucid generated a gross loss of $232 million, which means it costs more to manufacture and deliver its cars than can be recouped by actually selling them. And ...