A Lucid electric vehicle is shown inside one of the company's retail stores at a shopping mall in San Diego, California, U.S.,October 20, 2023. REUTERS/Mike Blake/File Photo
(Reuters) - Lucid Group said on Thursday its deliveries and production fell in the fourth quarter from a year earlier, sending its shares down to a record low.
High interest rates have weakened demand for EVs as customers cut back on big-ticket purchases, which has prompted automakers such as Ford and General Motors to push back their planned EV and battery factory expansion plans.
