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Lucid Group reports record deliveries in Q4 2024, yet its stock drops 28% amid EV adoption concerns.
Lucid Group, an electric vehicle maker, reported record deliveries for Q4 2024, with 3,099 vehicles delivered and 3,386 produced, surpassing Wall Street expectations.
For the year, Lucid produced 9,029 units and delivered 10,241 vehicles, marking a 71% increase in deliveries and a 7% increase in production from 2023.
Despite these gains, Lucid's stock fell 28% due to slower EV adoption and high costs.
The company plans to expand with the Gravity SUV to compete with Tesla and Rivian, but faces challenges from potential policy changes under President-elect Trump.
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Lucid Group reporta entregas récord en el Q4 2024, sin embargo, su stock disminuye un 28% en medio de preocupaciones de adopción de EV.