Lucid's quarterly revenue misses expectations as supply challenges hurt

Core Insights - Lucid reported third-quarter revenue that fell short of analysts' estimates, indicating challenges in meeting market expectations [1] - The company experienced a larger-than-expected loss during the quarter, highlighting ongoing financial difficulties [1] - Despite a significant increase in vehicle deliveries, this surge was primarily driven by now-expired tax credits, suggesting potential future declines in sales [1] Financial Performance - The revenue for the third quarter was below analysts' forecasts, reflecting a struggle to achieve projected sales figures [1] - The loss reported was greater than anticipated, raising concerns about the company's financial health and operational efficiency [1] Market Dynamics - The increase in deliveries was notable but was largely attributed to temporary incentives, which may not be sustainable moving forward [1] - The expiration of tax credits could impact future sales, as customers may be less incentivized to purchase [1]