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Lucid CEO: Under-$50K mid-size models are a ‘must-win’

Deliveries, production rose as automaker cuts costs

Aidan Bush

Lucid Motors’ vehicle production and deliveries grew in the second quarter as it aims to improve cash flow by $1.4 billion by yearend. The Newark, Calif.-based automaker’s deliveries rose 19.5% year over year and 27.8% quarter over quarter to 3,953 units in Q2, according to Lucid’s Aug. 4 earnings presentation. The increased deliveries aligned with […]

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