Lucid Hoping To Make 10-14K EVs In 2023, Well Below Expectations via insideevs.com
Lucid Group has released its Q4 and full year 2022 earnings report, and the main takeaway is a much lower production forecast for 2023 than analysts’ expectations.
The company reported more than 28,000 orders as of February 21, 2023, down 6,000 from the number reported as of November 7, 2022, after it delivered about 1,900Lucid produced 3,493 vehicles during Q4 at its manufacturing facility in Casa Grande, Arizona butIn 2022, its first full year of production, the company produced 7,180 Air sedans, exceeding the annual production guidance of 6,000 to 7,000 vehicles –The EV startup reported fourth-quarter revenue of $257.
Lucid CEO Peter Rawlinson said during the company's quarterly call with analysts on February 2022 that the company's production issues are behind it, with sales representing the main challenge now.
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