Lucid Group Inc (NASDAQ:LCID) is trading higher Monday in sympathy with Tesla Inc (NASDAQ: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.
