EV maker Lucid Group (NASDAQ:LCID) expects sales to fall in the upcoming two quarters after reporting a nearly 40% year-on-year uptick in the first quarter. What Happened: Lucid’s first-quarter deliveries jumped nearly 40% from a year earlier to 1,967 vehicles. However, for the second and third quarters, the company expects sales to dip, owing to particularly strange reasons. “I always offer caveats. We expect typical seasonal slowing in Saudi Arabia in Q2, and we expect typical seasonal slowing globally in Q3 as consumers go on vacation,” CEO Peter Rawlinson said during the company’s first-qu…
