Lucid's Q1 EV Deliveries Soar 40% After Price Cuts
TL;DR Summary
Lucid Motors reported higher-than-expected first-quarter deliveries, attributing the increase to price cuts that boosted demand for its luxury electric sedans. The company delivered 1,967 vehicles, surpassing estimates, and plans to ramp up deliveries to Saudi Arabia in the second half of the year. Lucid also announced plans to introduce a mid-size car in 2026 targeting a $50,000 price point, aiming to attract a broader customer base.
- EV maker Lucid beats first-quarter delivery estimates as price cuts boost demand Reuters
- Lucid (LCID) sneaks out record first quarter EV deliveries as price cuts take effect Electrek.co
- Lucid’s stock gains on record shipments, but one bear still calls them ‘anemic’ MarketWatch
- Lucid sales surge 40% in Q1 after price cuts Automotive News
- Lucid Announces Q1 Production & Deliveries, Sets Date for First Quarter 2024 Results | Lucid Group, Inc. Lucid Group
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