Lucid Stock Takes A Hit On Weak 2022 Results And 2023 Production Targets | Carscoops carscoops
only delivered 4,369 cars during 2022, far less than the 7,180 it built. That certainly doesn’t bode well now that rivals like Tesla and Ford are cutting prices on EVs. In a way, it forces companies like Lucid to either stand pat on pricing and risk losing buyers or cut prices and risk profit margins. For now, Lucid is offering $7,500 off of select Air models.CEO Peter Rawlinson put as positive a spin on the situation as one could.
There’s little doubt that the Lucid Air is a very good sedan. Whether or not the company can produce enough interest in it and sales of it is another question altogether.
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