Buckle up: Lucid Motors misses H1 2024 delivery targets by over 90%

Group 1 - The electric vehicle (EV) industry has faced significant challenges over the past 12 months, with Lucid Group experiencing particularly severe difficulties, as its stock price fell from over $50 in 2021 to $3.18 by July 9, 2024 [1] - Lucid Group's delivery expectations for 2024 were set at 90,000 vehicles, but actual deliveries in the first half of 2024 were only 4,361, representing a 91.11% underperformance compared to initial forecasts [1] - Despite weak delivery numbers compared to 2021 predictions, Lucid Group achieved a record delivery of 2,394 EVs in Q2 2024, surpassing its previous record of 1,967 vehicles in Q1 2023, indicating a potential return of optimism [2] Group 2 - Lucid Group's stock performance has shown improvement recently, with a 16.48% increase over the last 30 days and a 10.10% surge in the last full week of trading, although it remains down year-to-date [3]