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How will Lucid Motors' stock price change on November 8, 2024, after Q3 results?
3
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Story
Lucid Motors Sets Quarterly Sales Record with 2,781 Deliveries in Q3 2024, Up 90% YoY
Oct 7, 2024, 01:27 PM
Lucid Motors has set a third consecutive quarterly sales record, delivering 2,781 vehicles in Q3 2024. This marks a 90% year-over-year increase in deliveries and eclipses 2023's delivery total. The company also produced 1,805 vehicles during the same period, of which approximately 8% were subject to operating lease accounting. Despite the record deliveries, Lucid's production fell short of analysts' forecasts, and the company will need to significantly ramp up production in Q4 to meet its annual target of 9,000 vehicles. The company has announced a financial results call for Q3 2024 on November 7 at 5:30 PM ET.
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