Lucid stock pops after Q4 deliveries beat estimates as Gravity SUV demand gets tested
Lucid shares rose 4.7% to $11.69 in after-hours trading after reporting Q4 production of 8,412 vehicles and deliveries of 5,345. Output outpaced deliveries, raising inventory and cash burn concerns. The company set Feb. 24 for its fourth-quarter results and conference call. U.S. EV demand has slowed since the federal tax credit expired in September.