On May 24, 2024, the new Lucid electric vehicle was parked in front of the Lucid Studio showroom in San Francisco.
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sobriety group Monday reported record quarterly vehicle deliveries for the fourth quarter and confirmed production will exceed 9,000 units in 2024 – Meet Previously announced goals.
The electric vehicle maker reported production of 9,029 vehicles and deliveries of 10,241 vehicles in 2024.
Lucid’s deliveries increased by 71% last year compared to 2023, and production increased by 7%.
However, this growth has not resulted in better investments for investors. Lucid shares are down about 28% last year as Adoption of electric vehicles Growth has been slower than expected, with the company burning through billions of dollars in cash as it discounts some models and prepares to launch new SUVs.
The company’s shares were up about 5% in premarket trading Monday morning.
Lucid’s only product is salon water, The company started deliveries in late 2021.
wide awake Season 3 ends Total liquidity is $5.16 billion. This excludes $1.75 billion in equity offerings and financing Surprised many investors October.
Lucid, which is largely backed by Saudi Arabia’s Public Investment Fund, is scheduled to report fourth-quarter financial results in February.
