Results● Neutral for Indian equities
Lucid's Q3 deliveries fall 6.7% as EV maker cuts production to align with demand
The brief
- Lucid delivered 3,806 EVs and produced 2,954 in Q3
- Deliveries fell 6.7% year over year, from 4,078
- Electric Car Sales September 2026: Registrations Nearly Double to 35,048 Units; Tata Leads with 42.2% Share
- Tesla EV sales beat Wall Street’s expectations again, and the stock jumps
- Tesla reports 486,532 vehicle deliveries for third quarter, topping expectation
- CAFE-III could push carmakers towards cheaper EVs, costlier ICE vehicles
- 3X credits for range-extender EVs, ethanol benefits for hybrids: CAFE-III expands compliance options