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Lucid Motors lowers production guidance

Short-term leasing picked up in Q3

Riley Wolfbauer

EV manufacturer Lucid Motors lowered its production guidance for the year as output during the third quarter fell on a quarter-over-quarter and year-over-year basis while deliveries ticked up.  Newark, Calif.-based Lucid Motors cut its 2023 production guidance to 8,000 to 8,500 vehicles as production during Q3 fell to 1,550 units, a decline of 28.7% QoQ […]

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