Lucid Airs car maker has cut its production target for 2022 from 20,000 to between 6,000 and 7,000 units. But while in the past Musk’s words towards Lucid were harsh and direct, this time the Tesla CEO chose to make a joke about it when replying to a tweet about the production cut.
Replying to a tweet about the Lucid production reduction forecast by known Tesla bull Gary Black, Elon Musk said
The production plan change was caused by “extraordinary supply chain and logistic challenges,” according to Lucid, and not by anything under the startup’s direct control. Just 360 vehicles were delivered in the first quarter of 2022, 679 in the second, and 1,405 Airs were reportedly assembled in the first six months. Q2 revenue was also quite low, at under $100 million, falling short of initial industry analyst projections.
The producer also claims that it has 37,000 Air reservations and that it is currently developing the Gravity, its first-ever SUV, which should have an even higher profit margin than the sedan. The Gravity may be shown by the end of this year, and if all goes according to previously announced plans, it should go into production sometime next year, making Lucid vehicles appear to a much wider spectrum of buyers.