Financial News
Lucid’s Q2 Sales Set New Record, But Company Still Risks Going Under
Lucid Motors (NASDAQ: LCID), a U.S.-based automotive and technology company, has reached an important milestone in the electric-vehicle (EV) industry. The company delivered a record 2,394 Air sedans in the second quarter of 2024, a 22% increase from the first quarter, setting a significant benchmark.
The surge in vehicle sales is attributed to two things: First, the company’s strategic decision to reduce the prices of its models earlier this year, with the base model Lucid Air now starting at $69,900, down from around $100,000 at launch. Second, the Lucid Air Sapphire, the company’s flagship model, has…
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