Lucid revises 2023 production amid softening demand for luxury EVs

TechCrunch
By Rebecca BellanNov 7, 2023, 5:32 pm204 pts
Lucid has revised its 2023 production outlook amid softening demand for luxury electric vehicles, the company said Tuesday in its third-quarter earnings report. The EV maker said it will produce 8,000 to 8,500 vehicles by the end of the year, down from previous guidance of more than 10,000, to “prudently…

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