Lucid Motors doesn’t know how many EVs it will build this year

Lucid Motors said Tuesday that it’s no longer sure how many EVs it will build or sell this year, as it navigates a transition to a new CEO and a company-wide cost-cutting push.

The company said in February that it planned to build between 25,000 and 27,000 vehicles this year. That’s far from the hundreds of thousands of vehicles that Lucid Motors estimated it would build and sell this year when it went public back in 2021. But it would have represented a significant bump from last year’s figure of around 18,000.