Lucid delivered 3,806 vehicles, below the 4,687 expected, and produced 2,954, below the 3,709 expected. It sold 852 more vehicles than it built to clear stored cars, but production fell 38%, pointing to weaker sales despite cash savings.
Selling cars already built can help Lucid bring in cash and reduce stored inventory. But deliveries and production both missed estimates, and the production cut points to weaker sales. The cash benefit does not outweigh those signs. The end of the federal EV credit and looser fuel rules add pressure for EV makers.
Tesla delivered 486,532 vehicles, above the 456,896 expected, and an investor linked high fuel costs to sales. The end of the $7,500 federal EV credit and looser fuel rules hurt EV makers, but Tesla's sales beat supports a stronger outlook.
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