Luxury electric vehicle maker Lucid Group Inc. saw its stock drop Wednesday on news the company failed to deliver on Wall Street's expectations for its second-quarter deliveries. MORE ⬇️
The Newark, California-based company — which builds its cars at its factory in Casa Grande south of Phoenix — said it only delivered 1,404 vehicles; far fewer than the 1,873 Wall Street had projected. Lucid also only produced 2,173 vehicles in the same quarter, failing to meet its Q1 numbers where it delivered 1,406 cars and produced 2,314.
Lucid made the announcement in a short press release, where it stated it will host a conference call Aug. 7 to discuss its second-quarter financial results. With the luxury EV market contracting, Lucid has struggled to increase sales and market share since last December when it offered a 10% discount for customers to reinstate lapsed orders. At the same time, it offered an $18,000 discount for employees who purchase its Air Grand Touring model before the end of 2022. Lucid also offered a 2.81% in-house financing rate for ready-made units.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
White House cocaine mystery shows 'Biden, Inc.' always gets special treatment: McCarthyHouse Speaker Kevin McCarthy joined 'The Story' on Thursday to sound off on the Secret Service being unable to identify a suspect in the White House cocaine investigation.
Les mer »
Alpha Kappa Alpha Sorority, Inc. arrives in Chicago for leadership conferenceIf you've been seeing a lot of pink and green in Chicago, it's because more than 9,000 members of Alpha Kappa Alpha Sorority, Inc. have arrived in the city for a national leadership seminar.
Les mer »
‘Vanderpump Rules’ cast to film at Santa Monica luxury hotel amid ongoing strikesUNITE HERE Local 11, a labor union representing 32,000 hospitality workers said despite the ongoing strikes, the cast and crew of “Vanderpump Rules” will cross the picket lines to shoot scenes for Season 11 of the hit reality show.
Les mer »
6 Luxury Watches to Wear on a Superyacht VacationTogether, these beautiful timepieces make the ultimate summer watch wardrobe for the water.
Les mer »
‘Vanderpump Rules’ production team cancels filming at Santa Monica luxury hotel amid ongoing strikesThe cast and crew of 'Vanderpump Rules' pulled the plug on filming at the Santa Monica hotel amid the ongoing strikes.
Les mer »
Pa. casino to open luxury riverfront hotelThe hotel will include 62 suites.
Les mer »