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Lucid (LCID) Q3 deliveries drop 7% as it slashes production by 38%
Lucid reports 3,806 vehicle deliveries in the third quarter, 7% below a year earlier, while production falls 38% from the previous quarter to 2,954. The company says it is reducing output as new CEO Silvio Napoli works through unsold inventory built up in the first half of the year.