Lucid Group (NASDAQ:LCID) announced on Monday that during its third quarter, the electric vehicle maker produced 3,891 vehicles, with more than 1,000 additional vehicles built for Saudi Arabia for final assembly. The company delivered 4,078 vehicles for the period that ended on September 30, which was short of the consensus estimate of the seven analysts who published a deliveries forecast.
The quarterly totals were above the 1,805 vehicles produced in Q3 of 2024 and 2,781 vehicles delivered.
For the first nine months of the year, Lucid Group (NASDAQ:LCID) produced 9,966 vehicles, excluding additional vehicles in transit to Saudi Arabia for final assembly, and delivered 10,496 vehicles.
Looking ahead, Lucid Group (LCID) will report its third-quarter financial results on November 5 and host a conference call to discuss its plans.
Shares of Lucid Group (LCID) trickled 0.3% lower in postmarket trading after shedding 3.0% during the regular session. The EV stock is up more than 30% since hitting a 52-week low on September 4.