After Rivian hiked prices and retracted after backlash, now Lucid Motors CEO might hike prices as well due to supply chain and logistics issues.
"What a rough time to start building cars. Between pandemic regulations, logistics woes and geopolitical turmoil, situations can seemingly change overnight. Of course, businesses have the flexibility to try and adapt to these changes, but that might involve unpopular decisions like price hikes, as Lucid's CEO recently pointed out.

In an interview with Reuters at the SXSW festival in Austin, Texas, Lucid Motors CEO Peter Rawlinson admitted that price hikes may eventually come to the fledgling automaker. "There's an inevitability that we will have to look at the price points of models that are coming out in the future," Rawlinson told Reuters. "I think it would be absolutely foolish of my to say we're never going to raise our prices."

Last month, Lucid announced a scaling back of its 2022 production estimates from 20,000 vehicles to somewhere between 12,000 and 14,000. According to Rawlinson in his Reuters interview, this isn't due to chips or wiring harnesses, but rather windshield glass and exterior trim parts. However, Rawlinson believes that switching suppliers to boost access to parts would have a detrimental effect on overall quality."