The electric vehicle maker now anticipates producing between 18,000 and 20,000 vehicles for the year after previously projecting a goal of 20,000.
In this article
Lucid Group
on Tuesday softened its production outlook for the rest of the year as it reported second-quarter earnings that missed Wall Street expectations.
The electric vehicle maker now anticipates producing between 18,000 and 20,000 vehicles for the year after previously projecting a goal of 20,000.
Interim CEO Marc Winterhoff told CNBC Tuesday that the company is still aiming for the high end of that range.
For 2026, Lucid announced a vehicle production target of between 25,000 and 27,000 units, which would be a roughly 40% to 51%…
Lucid Group said it will make moves to better align its production with customer demand for its luxury all-electric vehicles.
Lucid Group significantly increased its production and sales last year, as it continues to ramp-up production of its new Gravity…
Both automakers have already cut vehicle production guidance, while Rivian also has negatively changed its adjusted earnings and…
RIYADH: Electric vehicle manufacturer Lucid Group, majority-owned by Saudi Arabia’s Public Investment Fund, boosted deliveries by…
RIYADH: Electric vehicle manufacturer Lucid Group, majority-owned by Saudi Arabia’s Public Investment Fund, announced a surge in…
