Lucid delivered 3,309 cars in the second quarter, falling short of market expectations.

Electric car manufacturer Lucid announced that it delivered 3,309 cars in the second quarter, falling short of the market's expectations of 3,611 due to economic uncertainty and rising costs. The company pointed out that demand for its higher-priced luxury electric vehicles has decreased as consumers turn towards more affordable hybrid and gasoline-powered cars under the pressure of high interest rates.