Earnings

Lucid LCID Q3 2023 EV deliveries production

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A Lucid showroom in New York City on Aug 19th, 2023.

Adam Jeffery | CNBC

Luxury electric vehicle maker Lucid Group said Tuesday that it delivered 1,457 of its Air sedans to customers in the third quarter, a number that is unlikely to reassure investors worried about demand for the posh and pricy electric vehicle.

Shares of the company fell about 3%, cutting earlier losses.

Analysts polled by FactSet had expected Lucid to deliver about 2,000 vehicles in the third quarter.

Lucid’s third-quarter deliveries compare with 1,404 deliveries in the second quarter and 1,398 in the third quarter of 2022.

The company said it produced 1,550 Airs in the period, with “over 700” additional vehicles in transit…



Source cnbc.com

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