Lucid softens full-year production forecast as EV maker misses second-quarter estimates
205d ago
Business
CNBC

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.