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Lucid Motors will only build 9,000 EVs in 2024 after once predicting it would ship 90,000
Lucid Motors follows up a rough 2023 with modest predictions for 2024, putting even more pressure on its upcoming SUV.
The chasm between the new figures and those original expectations spotlights how much freedom companies like Lucid had in promoting the reverse mergers that helped so many become publicly listed. CEO Peter Rawlinson has spent much of the last year talking about how important it is for his company to improve its sales and marketing efforts, while also pointing to the upcoming Gravity SUV as a potential boost. The reality, though, was that Lucid ran into a number of supply chain and production problems in the early days of the Air and in 2022 had to push back the launch of the Gravity.
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