Lucid Delivers Nearly 2,000 EVs in Q1, Beating Estimates Despite Production Challenges
- Lucid delivered 1,967 EVs in Q1, beating estimates of 1,850
- Deliveries were up 40% year-over-year
- Production was lower than deliveries at 1,728 units
- Lucid Air is a high-end, expensive, low volume sedan
- Lucid needs to increase volume to handle high startup costs like new factories