Lucid delivered 38% more vehicles in Q2, shares go into higher gear
Luxury EV maker Lucid is on the rise during Thursday’s shortened trading session. The company reported its second-quarter delivery and production numbers after the bell on Wednesday, and investors seem to approve: shares are up more than 8%.
Lucid delivered 3,309 vehicles on the quarter, up 38% from the same period last year and up about 6% from the first quarter. That’s good enough for a sixth consecutive quarterly deliveries record. In the quarter, Lucid ramped up production of its new Gravity SUV.
In the first half, Lucid’s growth looks a lot better than rival Rivian’s. The latter posted a 23% year-over-year delivery decline in the second quarter, following a 36% drop in the first quarter. Still, Rivian is selling about 3x the number of vehicles Lucid is.
