Lucid Reports Q1 Delivery Miss Amid EV Market Slowdown
Lucid delivered 3,093 vehicles in the first quarter, missing analyst estimates of 5,237 units. The results reflect a broader slowdown in the luxury EV market.
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LUCID GROUP INC reported first-quarter vehicle delivery numbers that fell short of market expectations on Thursday. The results have intensified concerns regarding a potential cooling of demand for luxury electric sedans amidst a wider slowdown in the global electric-vehicle sector.
