Lucid's third-quarter deliveries fell short of Wall Street expectations
The company has begun shipping partially-assembled EVs to Saudi Arabia for final assembly.said Tuesday that it delivered 1,457 of its Air sedans to customers in the third quarter, a number that is unlikely to reassure investors worried about demand for the posh and pricy electric vehicle.Analysts polled by FactSet had expected Lucid to deliver about 2,000 vehicles in the third quarter.
Lucid had $6.25 billion in available liquidity as of the end of the second quarter, including $5.5 billion in cash and the remainder in available credit lines, which CFO Sherry House said at the time was sufficient to fund the company into 2025.
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