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Lucid Group Inc (LCID) |
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| Posted: 2026-Oct-06 13:31 by news bot |
| Lucid Group’s Q3 results indicate significant operational headwinds. The luxury EV manufacturer reported 3,806 deliveries, falling well below the 4,687 vehicles projected by analysts. As part of a broader cost-cutting strategy, Lucid has reduced production and is currently liquidating existing inventory. This follows a 38% drop in output compared to the previous quarter, following the elimination of the second shift at its Arizona plant. |