Financial expert warns: E-car manufacturer Lucid lowers production forecast - share price falls by 4 percent!

Financial expert warns: E-car manufacturer Lucid lowers production forecast - share price falls by 4 percent!

According to a report by www.n-tv.de, US electric car maker Lucid has lowered its production forecast for the full year. Instead of the planned more than 10,000 vehicles, the company is now only expecting 8,000 to 8,500 vehicles. That announcement caused shares to fall four percent in after-hours trading.

This disappointment in production guidance and lower sales in the third quarter could negatively impact investor confidence in the company. Uncertainty regarding production capacity and sales growth could lead to a decline in Lucid's share price. This decline could also impact other companies in the electric car industry as investors may become more cautious about their investments in the sector.

In addition, Lucid's reduced production forecast could also have an impact on the competitive situation in the electric car industry. With lower production volumes, the company could weaken its position in the market and potentially lose market share to competitors like Tesla.

Overall, Lucid's announcement that it will lower its production guidance highlights the ongoing challenges and volatility in the electric car industry. Investors and market participants need to prepare for possible impacts on stock prices and competition in this industry.