Lucid shares fall after third-quarter EV deliveries disappoint
Publishing timestamp: 2023-10-17 12:22:01
Summary
Lucid Group's third-quarter EV deliveries fell short of expectations, with only 1457 vehicles delivered compared to the expected 2000. This has raised concerns about the demand for their luxury electric vehicles. The company has started shipping partially-assembled EVs to Saudi Arabia for final assembly. Lucid's shares have fallen and there are lingering concerns about ongoing demand for their vehicles. The company did not provide an update on its production guidance for the full year.
Sentiment: NEGATIVE
Tickers: LCID,
Keywords: breaking news: technology, climate, technology, lucid group inc, business news, business, electric vehicles,
Source: https://www.cnbc.com/2023/10/17/lucid-lcid-q3-2023-ev-deliveries-production.html