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Lucid (LCID) Q2 2022 earnings and production forecast

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Lucid Motors CEO Peter Rawlinson poses at the Nasdaq MarketSite as Lucid Motors (Nasdaq: LCID) begins trading on the Nasdaq stock exchange after completing its business combination with Churchill Capital Corp IV in New York City, New York, July 26, 2021.

Andrew Kelly | Reuters

Electric vehicle maker Lucid Group again cut its production targets Wednesday as supply chain and logistics challenges mean demand for the company’s EVs far outpaces its output.

The company said it now has over 37,000 reservations for its Air electric luxury sedan, up from more than 30,000 in May – but it delivered just 679 cars in the second quarter. In February, it said that it expected to build between 12,000 and…



Source cnbc.com

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