Another Electric Car Company is Hitting The Skids
The Great Reset is taking a huge hit lately. We just did a story today on how the plant-based company “Beyond Meat” is on the skids, now that nearly all the major fast-food companies that signed on with the fake meat have said, “no thanks,” and canceled their contracts after sales went down the tubes. Now, we’re learning that a California-based electric car company called Lucid is hitting the skids, too.
According to a report from Wall Street Journal, the company is now slashing its production in half. Wow. That’s weird because isn’t Team Biden trying to blackmail Americans into buying electric cars by hiking up gas prices? I guess that plan is not working as well as they thought it would.
The Wall Street Journal reported that the California-based company on Wednesday slashed its 2022 production target for the second time this year. Lucid now projects making between 6,000 and 7,000 vehicles. It first lowered a previous estimate of 20,000 vehicles to between 12,000 and 14,000 in February.
“This quarter has proven to be a very challenging period, and whilst we have experienced supply chain and logistics challenges along with the entire industry, the limitations of our logistics systems have compounded the challenge,” Chief Executive Peter Rawlinson said.
He said supply-chain issues and infrastructure upgrades contributed to two-and-a-half weeks in which the company had no daily production at its Arizona factory. He said the company had identified internal bottlenecks and was working to alleviate them.
Shares of Lucid fell nearly 13% in pre-market trading Thursday. Before the updated guidance, the stock had fallen 46% in 2022.
Instead of trying to shove this “green” life down everyone’s collective gullet, the left should chill out and let the private market determine what’s needed and how much. That would save everyone a lot of headaches and money. But they can’t do that, and that’s because they’re using the climate as yet another tyrannical power grab.