Earlier in March, Lucid announced it'll produce only 12,000 ...

China-based $NIO Inc(NIO.US)$ , which is also targeting the luxury EV market like Lucid, just announced weak guidance for deliveries in the first quarter due to supply chain challenges and other headwinds. $NIO Inc(NIO.US)$ $NIO-SW(09866.HK)$ also didn't rule out the possibility of price increases in the near future if costs continue to rise. This echoes Lucid's sentiment -- barely days ago, Lucid cited inflationary pressure and said it's looking into increasing prices of its EVs in the near future, according to Reuters.
Meanwhile, legacy automaker $General Motors(GM.US)$ is shutting down a factory in Indiana for two weeks because it's running out of semiconductor chips.
These updates seem to have made investors in $Lucid Group(LCID.US)$ apprehensive about whether the company will even be able to produce up to 14,000 vehicles given the ongoing crunch in the supply of raw material that could worsen if the Russia-Ukraine conflict escalates.