Lucid Motors Pulls 2024 EV Production Guidance

Lucid Motors has pulled its 2024 production guidance, citing swelling inventory and ongoing cost-cutting measures. This move signals challenges for the EV manufacturer as it navigates a shifting market.

The company, known for its high-end electric vehicles, had previously set expectations for a certain number of EVs to be produced in 2024. However, in a recent update, Lucid Motors announced that it would no longer pr…

The exact number of EVs in Lucid Motors' inventory is not publicly disclosed. However, the company has acknowledged that inventory levels have swelled. In response, Lucid Motors is undertaking a companywide cost-cutti…