Lucid Group (LCID) shares crashed in after hours trading on on Wednesday following the release of the electric vehicle (EV) maker’s second quarter report.
The company cut its production outlook for 2022 for the second time in as many quarters, now forecasting it will make 6,000-7,000 cars this year, down from its prior guidance of 12,000-14,000.
At the beginning of the year, the company had expected it would make up to 20,000 cars this year.
“Our revised production guidance reflects the…
Source link
