Key points:
- Lucid Group’s stock rises following 70% year-over-year increase in Q2 deliveries.
- Company delivers 2,394 vehicles and produces 2,110 vehicles in the quarter.
Lucid Group’s stock rose on Monday following a 70% year-over-year increase in second-quarter vehicle deliveries. The Newark, Calif.-based electric vehicle maker delivered 2,394 vehicles and produced 2,110 vehicles in the quarter. Lucid’s shares were up about 4%, marking a significant recovery from their all-time low in April. This positive performance comes after robust delivery numbers from Tesla. Lucid plans to release its latest quarterly results in August, further boosting investor confidence.