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Lucid forecasts annual vehicle production below estimates

Lucid Group forecast annual vehicle production far below analysts' estimates on Wednesday, on signs that demand for its luxury electric vehicles will slow down as high interest rates pinch consumer budgets. Shares of the company fell around 5% in extended trading. The company expects to make 9,000 units for the full-year 2024 compared with estimates of 22,594 according to five analysts polled by Visible Alpha.
Saudi Arabia Shailesh Kuber Zaheer Kachwala Lucid Group Saudi Arabia Backed Visible Alpha
Source: yahoo.com

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