Lucid Group Inc said it expects to make at least 10,000 cars this year, as the company looks to capture a larger chunk of the electric-vehicle market amid a price war started by Tesla Inc.
Lucid expects to produce 10,000 to 14,000 of its luxury electric vehicles in 2023, up from 7,180 cars it made last year. Analysts on average expect the company to make 21,815 cars, according to Visible Alpha.
The luxury EV maker’s fourth-quarter revenue missed analysts’ estimates, as Lucid delivered fewer vehicles than it produced.
