Transportation
Lucid EV Output, Deliveries Disappoint as US Tax Credit Expires
A Lucid Air electric vehicle at the company's showroom in Tysons, Virginia.
Photographer: Samuel Corum/BloombergLucid Group Inc.’s electric vehicle production fell short of Wall Street’s forecasts during the third quarter as the car maker contends with the elimination of a consumer tax credit.
Third-quarter production of 3,891 EVs, reported in a statement Monday, lagged behind the 5,621 average of analyst estimates compiled by Bloomberg.