April 9 (Reuters) - Lucid reported

first-quarter deliveries above market expectations on Tuesday as

price cuts helped boost demand for its luxury electric sedans.

The company handed over 1,967 vehicles in the first quarter,

compared with estimates of 1,745, according to eight analysts

polled by Visible Alpha.

Lucid's upbeat deliveries reflect the demand for its

vehicles has remained resilient after the electric vehicle

startup cut prices of its flagship Air sedans by 1% to 10% in

February to attract buyers.

The company made 1,728 vehicles in the first quarter ended

March 31, below estimates of 2,123, and compared with 2,391 in

the preceding three months.

The company said last month it is raising $1 billion in

capital from Ayar Third Investment Company, an affiliate of

Saudi Arabia's Public Investment Fund.