$LCID Lucid Surpasses Q1 Delivery Estimates, Shares Rise in Premarket Trading
Key Highlights:
Lucid's Q1 deliveries hit 1,967, surpassing analyst estimates of 1,745.
Lucid's Q1 deliveries hit 1,967, surpassing analyst estimates of 1,745.
Shares rose 4% in trading following the announcement.
Price cuts between 1% to 10% on flagship Air sedans fueled demand.
Production in Q1 was 1,728 vehicles, below the expected 2,123.
Received a $1 billion capital injection from Ayar Third Investment, linked to Saudi Arabia's Public Investment Fund.
Outperformed alongside $Rivian Automotive (RIVN.US)$ in the competitive EV sector.
Price cuts between 1% to 10% on flagship Air sedans fueled demand.
Production in Q1 was 1,728 vehicles, below the expected 2,123.
Received a $1 billion capital injection from Ayar Third Investment, linked to Saudi Arabia's Public Investment Fund.
Outperformed alongside $Rivian Automotive (RIVN.US)$ in the competitive EV sector.
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