Lucid built over 2,000 Air luxury sedans in the second quarter, but delivered just 1,404, adding to ongoing concerns about demand for the high-priced EV.
. Wall Street analysts polled by FactSet had expected Lucid to deliver about 2,000 Airs in the second quarter.Shares were down about 5% in premarket trading following the news.growing concerns about demand
for the Air luxury sedan. The Air is a well-regarded luxury sedan with the longest range of any EV currently available in the U.S., but it's expensive: While lower-priced versions are on the way, the Air currently starts at $138,000 before incentives., despite having "over 28,000" reservations on hand. At the time, CEO Peter Rawlinson said the company would focus on marketing in 2023, a hint that it may have been struggling to convert those reservations to sold orders.
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