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Lucid softens full-year production forecast as EV maker misses second-quarter estimates

205d ago
Business
CNBC
Business meeting
Lucid Group has revised its full-year production forecast downward after missing second-quarter estimates. The electric vehicle manufacturer now expects to produce between 18,000 and 20,000 vehicles for the year, a reduction from its previous projection of 20,000. This adjustment reflects ongoing supply chain challenges and production bottlenecks faced by the company. Lucid's stock price has reacted negatively to the news.
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