Lucid Air
Courtesy: Lucid Motors
Lucid Crew is slicing its automobile manufacturing forecast for this 12 months by means of up to 40%, sending stocks of the electrical car start-up tumbling 13% right through after hours buying and selling.
The corporate on Monday cited provide chain constraints for slashing manufacturing to between 12,000 and 14,000 cars, down from preliminary expectancies of 20,000.
“This displays the odd provide chain and logistics demanding situations we now have encountered and our unrelenting focal point on turning in the highest-quality merchandise,” Lucid CEO Peter Rawlinson mentioned in a remark. “We stay assured in our talent to seize the super alternatives forward given our generation management and powerful call for for our automobiles.”
This can be a growing tale. Test again for updates.