German Manager Magazin: Lucid: E-carmaker misses the expectations004461

The USElectric car manufacturer Thanks to a final sprint, Lucid has delivered significantly more vehicles before the expiry of tax credits, but failed to expect expectations. As the company announced late Monday evening, 4078 vehicles were handed over in the past quarter. This corresponds to an increase of 46.6 percent compared to the same period last year.

However, analysts had expected an average of 4286 deliveries. Many customers had quickly decided to buy a purchase for electric cars at the end of September before the expiry of a tax credit of $ 7,500. Lucid himself used the credits to make attractive leasing offers.

The industry is now preparing for a drop in sales in the final quarter. While the competitors Tesla And Rivian the Transfer sales expectations, Lucid had already lowered its annual forecast in August. The group now expects 18,000 to 20,000 vehicles to be produced.

Tesla was able to increase its deliveries by 7.4 percent to 497,099 vehicles in the past quarter. Analysts had expected an average of around 5 percent. In the first two quarters of the year, the Tesla deliveries had fallen by around 13 percent each.

At the beginning of the year Lucid CEO Peter Rawlinson surprisingly the chief position cleared. The German manager Marc Winterhoff followed him. However, Rawlinson should remain on board until 2027 as the “strategic-technical consultant” of the Board of Directors.

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