Electric Vehicle Maker Lucid Faces Investor Skepticism Despite Delivery Milestone

Lucid Group shares have extended their losses this week, continuing a downward trend that has puzzled some observers given the company’s recent operational achievements. The electric vehicle manufacturer found itself on the receiving end of significant market punishment despite reporting what appeared to be positive delivery numbers.

The selloff gained momentum after Lucid disclosed its third-quarter production and delivery figures earlier this week. While the company reported manufacturing 3,891 vehicles and delivering 4,078 units—representing substantial 46% growth year-over-year and marking the first time Lucid has surpassed the 4,000-vehicle delivery threshold—this accomplishment failed to satisfy market expectations.

Investors responded decisively, sending shares tumbling as much as 9.2% during Tuesday’s trading session. The decline persisted through Thursday, with the stock settling... Read more...