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Lucid shares rise on Q2 delivery, production update

Published 2024-07-08, 09:50 a/m
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LCID
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Shares in Lucid Group (NASDAQ:LCID) rose higher on Monday after the electric vehicle (EV) maker released its Q2 production and delivery figures.

Per the report, the company produced and delivered 2,110 and 2,394 vehicles in the second quarter, respectively.

Shares rose as much as 8% in premarket trading, but those gains were reduced to 3.4% following the opening bell.

Lucid also said it has scheduled its 2Q earnings call for August 5 at 5:30 pm ET.

The second quarter results indicate a 21% increase in deliveries compared to the previous quarter and a 70.5% growth year-over-year.

In the first quarter of the year, the company delivered 1,967 units and produced 1,728 vehicles.

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