Lucid's second quarter deliveries fell short of estimates amid demand concerns
Publishing timestamp: 2023-07-12 14:38:09
Summary
Lucid Group delivered 1404 of its electric Air luxury sedans in the second quarter, falling short of analysts' expectations. This suggests that demand for the Air sedan remains weaker than the company had hoped. Lucid's stock has fallen about 58% in the last year due to concerns about demand. However, there have been some positive developments, such as a deal with Aston Martin and the company's expectation to produce over 10,000 vehicles in 2023.
Sentiment: NEGATIVE
Keywords: electric vehicles, climate, technology, breaking news: technology, breaking news: business, transportation, aston martin lagonda global holdings plc, autos, business, business news, lucid group inc,
Source: https://www.cnbc.com/2023/07/12/lucid-lcid-q2-2023-production-and-deliveries.html