November 22, 2024 1:26 pm
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Lucid confirms it’s on track to meet conservative 2022 production targets

By John Rosevear | CNBC

Electric luxury vehicle maker Lucid Group confirmed Wednesday that it remains on track to produce between 6,000 and 7,000 vehicles in 2022, in line with the more conservative guidance it provided to investors in August.

Lucid’s shares opened more than 5% higher following the news before giving up some of those gains. The stock was up around 2% in midmorning trading.

The company said in a statement that it produced 2,282 vehicles at its Arizona factory in the third quarter. It delivered 1,398 vehicles to customers during the same period.  

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