Lucid Motors' Stock Plummets as Q4 EV Deliveries Disappoint
Lucid (LCID) stock hits a new low after reporting a slip in Q4 EV deliveries, down nearly 12% year-over-year. The company delivered 1,734 vehicles in Q4 2023, up slightly from the previous quarter but down from its peak in Q4 2022. Production also decreased by 30% year-over-year. The EV maker hopes to regain momentum with the launch of its first electric SUV, the Lucid Gravity, and its Q4 earnings report is due out on February 21.