New Delhi, Oct. 8 -- Lucid Group share price crashed 8.37 per cent to $22.01 on Nasdaq on Tuesday, October 7 after the company after missing Wall Street expectations in quarterly deliverables.

Electric vehicle manufacturer has surged 30.26 per cent over the past month, outperforming the Auto-Tires-Trucks sector's rise of 18.68 per cent and the S&P 500's gain of 4.06 per cent.

Lucid on Monday reported a 46.6 per cent increase in third-quarter deliveries, fueled by a surge in electric vehicle demand ahead of the expiry of lucrative tax credits last week. However, the figures still fell short of Wall Street estimates.

The EV maker, along with its competitors, is preparing for a steep decline in sales during the final quarter of the year w...