The controversial founder of Tesla has hit out at one of his emerging rivals in a dismissive tweet.
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Tesla CEO and soon to be Twitter owner Elon Musk.
Outspoken Tesla founder Elon Musk has slammed one of his potential electric car rivals after Lucid Motors failed to meet production and revenue targets at the end of June.
The Californian start-up massively under-delivered on its second-quarter forecasts for both sales and revenue – delivering just 679 cars despite claiming to hold more than 37,000 bookings – and was called out by a US financial analyst, Gary Black.
While Mr. Black highlighted a $50 million shortfall in Lucid’s revenue for the quarter, he was quickly joined on Twitter by Musk.
“I’ve had more babies in the second trimester than they’ve made cars!” Musk replied to Mr.
Musk knows better than anyone about the difficulties of making electric cars.
Many of Tesla’s promised production plans have been delivered late, including the title Cyber Cybertruck.
In the case of Lucid Motors, which is led by a former Tesla employee, Peter Rawlinson, the problems center on its Air luxury sedan, which costs $87,400.
“Our revised production guidance reflects the tremendous supply chain and logistics challenges we encountered,” Rawlinson, Lucid’s CEO, said in a statement on the company’s website.
“We have identified key bottlenecks and are taking appropriate action – bringing our logistics operations in-house, adding key employees to the executive team and restructuring our logistics and manufacturing organization.
“We continue to see strong demand for our vehicles, with over 37,000 customer bookings, and I remain confident that we will overcome these short-term challenges.
However, Lucid Motors has now lowered its full-year production forecast at its Arizona plant to 6,000-7,000 cars from a previous forecast of 12,000-14,000.
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