Hyperdrive
Lucid, Nikola and Lordstown Motors Miss EV Goals by Big Margins
- Production and deliveries for 2022 fell far behind estimates
- Shares of the electric-vehicle makers fell in Thursday trading
A Lucid Motors electric vehicle in New York.
Photographer: Jeenah Moon/BloombergThis article is for subscribers only.
Last year was a forgettable one for Lucid Group Inc., Nikola Corp. and Lordstown Motors Corp.
The three electric-vehicle startups that went public by merging with special purpose acquisition companies all came up well short of their original goals for 2022.