Lucid Slashes Production Goal By Over A Third As A Result Of Supply Chain Issues | Carscoops carscoops
itself but automotive production is never easy and that’s just one more problem everyone is facing. Lucid had been beating the odds with great reviews and positive press lately.
And initially, that upbeat attitude was present today as Lucid stock saw an almost 10% bump to nearly $29 before the news of the production goal change came out. After that, it’s dropped as low as $24.92 as of this writing. Of course, focusing on quality assurance could be something that continues to differentiate Lucid from other EV brands like Tesla which are often called out for poor quality control.
Despite the setback, Lucid seems like it’s full steam ahead on plans to increase its footprint. A new manufacturing facility was just announced and will be built in the brand’s. In addition, they plan to hire more workers here in the USA while they try to keep production numbers as high as possible. Of course, only time will tell whether or not the EV maker can overcome these hurdles or if it’ll get tripped up by them.