: Lucid stock drops more than 3% after first-quarter sales disappoint

Shares of Lucid Group Inc. fell more than 3% in the extended session Thursday after the electric-vehicle maker reported first-quarter sales that were below Wall Street’s expectations.

Lucid LCID said it delivered 1,406 luxury Lucid Air all-electric sedans in the first quarter, and produced 2,314 at its factory in Arizona. Analysts polled by FactSet expected the company to deliver about 2,000 vehicles.

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