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.
Lucid and Lordstown Motors each missed their production objectives by wide margins, with Lucid making only slightly more than a third of its plan, at 7,180 Air sedans for the year, and Lordstown Motors building 31 Endurance pickups, a fraction of the 500 it had in mind.