Reported 2 days ago
Lucid Motors' stock jumped 8% after the company reported strong production and delivery numbers for the fourth quarter and full year. In 2024, Lucid produced 3,386 EVs and delivered 3,099, significantly higher than the previous quarter. The company anticipates substantial growth with the upcoming Gravity SUV, which may see sales five times that of its current Air sedan. Despite potential changes in EV tax credits under the incoming administration, Lucid's CEO expressed confidence that it would not deter high-income buyers.
Source: YAHOO