EV maker Lucid's quarterly deliveries rise but fall short of expectations

Core Insights - Lucid reported a 46.6% increase in third-quarter deliveries, attributed to heightened demand for electric vehicles prior to the expiration of lucrative tax credits [1] - Despite the increase in deliveries, Lucid still fell short of Wall Street expectations [1] Delivery Performance - The company experienced a significant surge in deliveries, with a 46.6% jump compared to previous quarters [1] - The demand was driven by consumers rushing to take advantage of tax credits before they expired [1] Market Context - The increase in deliveries reflects a broader trend in the electric vehicle market, where consumers are motivated by financial incentives [1] - The expiration of tax credits may impact future demand and sales for electric vehicle manufacturers, including Lucid [1]