NEW YORK Production forecast cuts at Fisker Inc and Lucid Group have signalled more pain for electric-vehicle startups struggling with slowing demand and a price war started by Tesla, sending shares in the sector sharply lower on Tuesday. Fisker and Lucid were both down more than 7%, while rival Nikola Corp fell nearly 11% after it posted a bigger quarterly loss and said it would pause production to better organise the assembly line at its Arizona factory. Downbeat updates from these companies underscore the challenges facing cash-strapped EV firms, whose plans to disrupt the auto industry are unraveling in the face of supply chain constraints, rising interest rates and intense competition.

http://klse.i3investor.com/web/blog/detail/kianweiaritcles/2023-05-10-story-h-271417610-Lucid_Fisker_production_target_cuts_worsen_EV_start_up_gloom

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