When the EV pioneer and U.S. market leader, Tesla (NASDAQ: TSLA) reported its quarterly decline in deliveries since 2020, hell of concerns broke lose. If Tesla came short of expectations, what can be expected of others and especially, startups who are already operating on thin ice. But then, Rivian Automotive Inc (NASDA: RIVN) topped estimates for quarterly deliveries last week. This week, so did Lucid Group (NASDAQ: LCID).
Lucid had a better-than-expected first quarter, setting a delivery record.
During the first quarter that ended on March 31st, Lucid delivered 1,967 vehicles, topping Visible Alpha’s estimates of 1,745. It made 1,728 vehicles during that three-month period, which fell short of the estimated 2,123 as it was a drop from the previous quarter during which output amounted to 2,391 vehicles. Back ...