Lucid Group falls 5% after electric vehicle deliveries fall sequentially
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Lucid Group (NASDAQ:LCID) announced on Tuesday that it produced 1,550 vehicles during Q3, plus had another 700 vehicles in transit to Saudi Arabia for final assembly. The company delivered 1,457 vehicles during the quarter.
By comparison, the electric vehicle maker produced 2,173 vehicles in Q2 and delivered 1,404 vehicles.
Lucid Group (LCID) is scheduled to report earnings on November 7 and host a conference call to discuss the results. The company could update on 2024 expectations during the call.
Shares of Lucid Group (LCID) fell 5.05% in premarket action on Tuesday. Short interest on the EV stock is over 24% of the total float, which has added some volatility to the recent trading.

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