Lucid Group Inc LCID shares are trading lower by 8.50% to $7.55 Friday morning after the company announced first-quarter production and delivery totals.
Our Benzinga team reported earlier Friday the Newark, California-based company produced 2,314 vehicles in the quarter, down from 3,493 units in the fourth quarter.
Deliveries also fell from 1,932 units in the fourth quarter of 2022 to 1,406 units in the first quarter of 2023.
Lucid is meanwhile targeting full-year vehicle production of 10,000 to 14,000 units for the full year.
According to data from Benzinga Pro, Lucid has a 52-week high of $21.87 and a 52-week low of $6.09.
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