lcid

Lucid Q3 Deliveries Fall 7% as Production Slashed 38% in Inventory Reset

Lucid delivered 3,806 vehicles in Q3, down 7% year over year, while production fell 38% sequentially to 2,954 units. The cuts are deliberate under new CEO Silvio Napoli, who is clearing unsold inventory as part of a $1.4 billion cash flow improvement plan.