Electric vehicle manufacturer Lucid reported record quarterly vehicle deliveries for the fourth quarter of 2024, along with production exceeding 9,000 units. This marked a 71% increase in deliveries and 7% growth in production compared to 2023. Despite these positive results, Lucid's stock declined by roughly 28% last year due to slower-than-expected scaling and significant cash burn.
The electric vehicle manufacturer also reported production of 9,029 units and deliveries of 10,241 cars in 2024.on Monday reported record quarterly vehicle deliveries for the fourth quarter and confirmed production of more than 9,000 vehicles in 2024 — meeting aThe electric vehicle manufacturer reported production of 9,029 units and deliveries of 10,241 cars in 2024. That included production of 3,386 units and delivery of 3,099 vehicles during the fourth quarter, the company said.
Last year's results represented a 71% increase in deliveries and 7% uptick in production for Lucid compared with 2023.However, such increases have not transcended to better investments for investors. Lucid's stock declined by roughly 28% last year, ashas been slower than expected and the company has burned through billions of dollars in cash as it discounted some models and prepares to launch a new SUV.which it began delivering in late 2021.
Lucid Motors Electric Vehicles Production Deliveries Stock Performance
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