Electric vehicle manufacturer Lucid announced that due to economic uncertainty and rising costs, 3,309 vehicles were delivered in the second quarter, falling short of market expectations of 3,611 vehicles. According to the company, demand for the company's more expensive luxury electric vehicles has weakened as consumers switch to cheaper hybrid cars and gasoline-powered cars under pressure from high interest rates.

Electric vehicle manufacturer Lucid announced that due to economic uncertainty and rising costs, 3,309 vehicles were delivered in the second quarter, falling short of market expectations of 3,611 vehicles. According to the company, demand for the company's more expensive luxury electric vehicles has weakened as consumers switch to cheaper hybrid cars and gasoline-powered cars under pressure from high interest rates.