Lucid stock boosted by jump in EV deliveries

California-based electric vehicle firm Lucid Group (NASDAQ:LCID) saw its stock rise on Monday thanks to a bullish manufacturing update.

Lucid told investors that both its production and delivery numbers were up for the second quarter of 2024.

It produced 2,110 vehicles and delivered 2,394 vehicles during the period, with the latter up some 70% year-over-year.

American EV peers Tesla and Rivian – both of which have proved more popular with investors – meanwhile reported recent downturns in output.

Fisker, another US EV maker, meanwhile filed for bankruptcy protection in June.

In New York, Lucid stock was up 12 cents per share or 3.92% changing hands at $3.05.

Lucid is scheduled to report its second quarter financials on 5 August.