Lucid said it was planning to make 10,000 to 14,000 vehicles in 2023. Wall Street was expecting closer to 20,000. What’s more, vehicle reservations came in at 28,000 units as of Feb. 21, down from 34,000 reported on Nov. 8. Management also said it isn’t going to give reservation figures going forward. Shares closed down 11.9% at $8.79 on Thursday, while the S&P 500SPX +0.53% and Nasdaq CompositeCOMP +0.72% gained 0.5% and 0.7%, respectively.