Lucid Group, Inc. (NASDAQ:LCID) shares are buying and selling larger Monday after the corporate introduced its EV manufacturing and supply totals for the fourth quarter.
Lucid mentioned it produced 3,386 automobiles and delivered 3,099 automobiles for the quarter ended December, a 42% and 78.7% bounce, respectively, from a 12 months in the past.
For comparability, the corporate produced 1,805 automobiles and delivered 2,781 automobiles within the third quarter of 2024.
For the complete 12 months 2024, Lucid Group reported producing 9,029 automobiles and delivering 10,241 models, with 5% of the deliveries topic to working lease accounting. This can be a 7.1% and 70.6% improve year-on-year respectively.
Lucid additionally scheduled its fourth-quarter earnings report back to be launched after the closing bell on February 25. The corporate will host a convention name to debate the outcomes on the identical day.
Additionally Learn: Tesla Hits Document EV Gross sales In China Regardless of World Dip: Report
Lucid reported third-quarter income of $200.04 million, beating the analyst consensus estimate of $197.97 million, in response to Benzinga Professional.
In November 2024, the corporate began taking orders for the Gravity SUV with the preliminary orders being taken just for the Grand Touring trim of the SUV ranging from $94,900.
Nonetheless, Lucid revealed that manufacturing of the lower-priced Touring trim of the car, beginning at $79,900, will begin solely in late 2025.
Lucid has additionally indicated plans to supply a midsized platform priced at roughly $48,000 by late 2026, concentrating on Tesla’s mass-market choices, the Mannequin 3 and Mannequin Y.
Worth Motion: LCID shares are buying and selling larger by 1.66% at $3.345 on the final test Monday.
Photograph through Shutterstock.
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This text Lucid’s Manufacturing And Deliveries Surge In This autumn: Particulars initially appeared on Benzinga.com
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