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"Lucid Motors Sets Record Q1 EV Deliveries Amid Stock Jump"

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Source: Electrek
"Lucid Motors Sets Record Q1 EV Deliveries Amid Stock Jump"
Photo: Electrek
TL;DR

Lucid (LCID) achieved a record first quarter EV deliveries of 1,967 vehicles, despite a 27% production decrease, following significant price cuts. The company aims to build 9,000 vehicles in 2024, requiring a substantial increase from the 1,727 produced in Q1 to meet its target. Lucid's stock is up slightly, but still down over 65% in the past year. The company is set to release its Q1 2024 earnings on May 6, 2024, providing further insight into its financial situation.

Topics:businessbusiness-automotive#business-automotive#deliveries#ev#lucid#price-cuts#production
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  1. Lucid (LCID) sneaks out record first quarter EV deliveries as price cuts take effect  Electrek
  2. Lucid Stock Jumps. Its Delivery Numbers Were Good Enough.  Barron's
  3. Lucid’s stock gains on record shipments, but one bear still calls them ‘anemic’  MarketWatch
  4. Lucid Announces Q1 Production & Deliveries, Sets Date for First Quarter 2024 Results | Lucid Group, Inc.  Lucid Group
  5. Lucid Motors ekes out a new delivery record as it searches for more EV buyers  TechCrunch

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