Bridster
Oversteer Expert
- Messages
- 1,316
That's cool, but... Lucid Motors Slashes 2022 Production Target in Half; Shares Sink
Originally they planned to make 20000 cars in 2022, then after the first quarter - where they delivered only 360 cars - they slashed that down to 12-14000, and now after the second quarter where they delivered only additional 679 cars, they further revised their target for the year to 6000-7000. Which, looking at how the first half of the year went, seems very optimistic at that.
While the car is technically very strong and they certainly have the orders, it seems they have having huge problems getting the production going. Having a super high performance tri-motor version that they will be able to sell at a premium at low volumes might be helpful, but in the grand scheme of things it's only a minor thing.
Either way, I am still curious what the specs will look like...
Originally they planned to make 20000 cars in 2022, then after the first quarter - where they delivered only 360 cars - they slashed that down to 12-14000, and now after the second quarter where they delivered only additional 679 cars, they further revised their target for the year to 6000-7000. Which, looking at how the first half of the year went, seems very optimistic at that.
While the car is technically very strong and they certainly have the orders, it seems they have having huge problems getting the production going. Having a super high performance tri-motor version that they will be able to sell at a premium at low volumes might be helpful, but in the grand scheme of things it's only a minor thing.
Either way, I am still curious what the specs will look like...