Written by Cláudio Afonso | LinkedIn | X
The U.S. startup Lucid Motors reported on Monday that it delivered 2,394 vehicles in the second quarter of the year, while producing 2,110 units, beating analysts’ expectations.
In the first quarter of the year, the company delivered 1,967 units and produced 1,728 vehicles. The second quarter results show a 21 percent increase in deliveries quarter over quarter and a yearly growth of 70.5 percent.
As of the time of writing, Lucid shares are trading 8.87 percent higher following the news.
In late February, Lucid had provided a production guidance of “approximately 9,000” vehicles, up from the 8,428 units in 2023. In the fourth quarter, the company delivered 1,734 vehicles and produced 2,391 vehicles.
Lucid scheduled a conference call to discuss its first quarter 2024 financial results on August 5 at 5:30 pm eastern time immediately after releasing its financial results.
Global X Lithium & Battery Tech ETF (LIT) has filed a new form revealing that it has cut its stake in the electric vehicle (EV) manufacturer Lucid Motors by 7 percent after selling nearly 664,000 shares.
Based on the closing price last Friday, the present value of the ETF’s position in Lucid stands at $25.4 million.
Roger Atkins, Founder of “Electric Vehicles Outlook” and one of the most respected voices in the EV industry, shared on LinkedIn that Lucid Motors CEO Peter Rawlinson will be interviewed by him at the Goodwood Festival of Speed (FoS) later this week.
In 2022, Lucid’s sedan, the Air Grand Touring Performance, was named the fastest production car in the Hillclimb Timed Shootout at the event, marking its first public appearance.
In an email sent last week, the company announced that was introducing a new leasing incentive of $7,500 Air Credit for customers in the United States. This offer is in addition to the existing $4,000 bonus available for inventory vehicles.
Last month, the company offered an Air Credit that was 50 percent lower ($3,750) for new customers in the country, while the inventory bonus was $1,000 higher, at $5,000.
The EV maker is expected to publish the second-quarter production and delivery numbers over the next few days.
Written by Cláudio Afonso | LinkedIn | X
