Lucid’s Q3 deliveries fall 6.7% as EV maker cuts production to align with demand

Lucid Group announced third quarter vehicle deliveries of 3,806 units, representing a 6.7% decline compared to the same period a year earlier, when the company delivered 4,078 vehicles. Production during the three-month period ended in September totaled 2,954 units, down from 3,891 vehicles in the prior-year quarter.
Despite the sequential decline, the company’s year-to-date performance showed strength relative to the prior year, with third quarter deliveries running 3.4% ahead of the com