• September 25, 2022

Yet Another Electric Car Company Has Had To Pump The Breaks

The Great Reset has been taking some big hits lately.

For example, it was recently reported that “Beyond Meat” is on the skids. This occurred after nearly all the major fast-food companies that signed on with the fake meat had said “no thanks” and canceled their contracts after sales went down the tubes.

Now, we’re learning that a California-based electric car company, Lucid, is also hitting the skids.

According to a report from Wall Street Journal, the company is 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:

On Wednesday, the California-based company 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 worked 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 shoving 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.

However, they can’t do that, and that’s because they’re using the climate as yet another tyrannical power grab.

Patriots Beacon