Lucid beats estimates for EV deliveries as demand spurs

NEWARK, California: Lucid Motors exceeded market expectations for its quarterly vehicle deliveries, driven by strategic price reductions and lower financing rates aimed at boosting demand.

The luxury electric vehicle (EV) maker, backed by Saudi Arabia's sovereign wealth fund, reported delivering 3,099 vehicles in the fourth quarter, surpassing the estimated 2,637 deliveries.

This marked an 11 percent inc