Lucid Says Production Outlook For 2023 Is Revised To 8,000–8,500 Vehicles From Prior Guidance Of More Than 10,000 To Prudently Align With Deliveries
Portfolio Pulse from Benzinga Newsdesk
Lucid has revised its production outlook for 2023 to 8,000-8,500 vehicles, down from its previous guidance of more than 10,000. The adjustment is to prudently align with deliveries.
November 07, 2023 | 9:11 pm
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Lucid's revised production outlook could potentially impact its stock price negatively in the short term as it indicates a slowdown in production.
Lucid's decision to lower its production outlook for 2023 could be seen as a negative signal by investors, indicating a potential slowdown in production. This could lead to a decrease in investor confidence and a potential drop in the stock price in the short term.
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