Lucid Motors Exceeds Quarterly EV Delivery Expectations Despite Stock Decline
TL;DR Summary
Lucid Group Inc. exceeded analyst estimates by delivering 1,734 electric vehicles in the fourth quarter, but fell short of its original target for the year with 8,428 EVs produced. The company struggled with supply issues and inconsistent output at its Arizona plant, leading to a 57% stock decline in the past 12 months.
Topics:business#business-electric-vehicles#electric-cars#ev-deliveries#lucid-group-inc#production-forecast#stock
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- Lucid Announces Q4 Production & Deliveries, Sets Date for Fourth Quarter 2023 Results Yahoo Finance
- Lucid Announces Q4 Production & Deliveries, Sets Date for Fourth Quarter 2023 Results | Lucid Group, Inc. Lucid Group
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