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Lucid deliveries soar 72% in Q4, production below 2025 expectations

Layoffs to save $500M in two years

EV maker Lucid Motors’ deliveries and production soared year over year in the fourth quarter, despite decreased production forecasts and uncertainty in the EV market. Lucid’s deliveries soared 72% year over year and 31.1% quarter over quarter to 5,345 vehicles in Q4, according to the automaker’s Feb. 24 earnings release. Full-year deliveries also rose 55% […]

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