Shares of Lucid Motors have jumped more than 6% on Friday as the luxury electric vehicle maker prepares to deliver its first batch of the Dream Edition Lucid Air on Saturday, Oct. 30. A Lucid Motors spokesperson could not disclose how many people have been invited to the Dream Delivery event. The company expects to produce 20,000 Lucid Air sedans in 2022, generating more than $2.2 billion in revenue, according to a July investor presentation. Lucid plans to deliver 520 customer-configured Lucid Air Dream Editions, followed by its Lucid Air Grand Touring. Meanwhile, pricing for the entry-level Lucid Air sedan starts at $77,400 before an up to $7,500 federal tax credit for plug-in vehicles.

Source: Fox News October 29, 2021 14:50 UTC