Overview

• Lucid Motors achieved a 70% year-over-year increase in deliveries for Q2 2024.
• A software error in the High Voltage Interlock (HVIL) system prompted a recall of 5,251 Air sedans.
• The company has released an over-the-air update to fix the issue, with notification letters to be sent by mid-August.
• Lucid's stock has risen significantly following the positive delivery report and recall management.
• New incentives and price reductions are helping boost Lucid's market presence and sales.