Lucid shares pop after exceeding EV production goal

Lucid Group eked out a small win in 2022.
The EV automaker said Thursday it produced 7,180 of its luxury Air sedans in 2022, exceeding its previously lowered guidance for the year. Lucid adjusted its guidance in fall, stating it would produce 6,000 to 7,000 vehicles in 2022. Shares pooped more than 6% immediately following the news before settling. Shares are now up 2.33% to $8.12.
Lucid produced 3,493 vehicles in the fourth quarter, meaning nearly half of the year’s total production numbers occurred at the end of the year.
That win comes after a year of supply chain challenges that forc

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