Lucid Group Inc LCID is trading higher Monday in sympathy with Tesla Inc TSLA, which reported strong delivery numbers over the weekend.
Tesla announced that vehicle production totaled 305,840 in the fourth quarter, while deliveries reached 308,600, representing an increase of about 71% year-over-year. The company said it produced 930,422 vehicles in 2021 and delivered 936,172 during the year.
Tesla said its delivery count should be viewed as "slightly conservative," for a vehicle is not considered delivered until it is transferred to the customer and all paperwork is correct. Final numbers could vary by around 0.5%, according to the EV maker.
See Also: Why Tesla Shares Are Trading Higher Today
Lucid is a technology and automotive company developing the next generation of electric vehicle technologies.
LCID Price Action: Lucid has traded as low as $10 and as high as $64.86 over a 52-week period.
The stock was up 8.94% at $41.45 at time of publication.
Photo: courtesy of Lucid.
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