Lucid delivers 1,406 luxury Lucid Air sedans, while Wall Street expected about 2,000 vehicles
A Lucid Air on display at Lucid’s studio in Beverly Hills, Calif., in February 2021. The EV maker missed expectations for first-quarter sales.
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Shares of Lucid Group Inc. fell more than 3% in the extended session Thursday after the electric-vehicle maker reported first-quarter sales that were below Wall Street’s expectations.
Lucid LCID said it delivered 1,406 luxury Lucid Air all-electric sedans in the first quarter, and produced 2,314 at its factory in Arizona. Analysts polled by FactSet expected the company to deliver about 2,000 vehicles.
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