Final 12 months 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 particular goal acquisition corporations all got here up nicely wanting their authentic targets for 2022.

Lucid and Lordstown Motors every missed their manufacturing aims by extensive margins, with Lucid making solely barely greater than a 3rd of its plan, at 7,180 Air sedans for the 12 months, and Lordstown Motors constructing 31 Endurance pickups, a fraction of the five hundred it had in thoughts.

Nikola delivered 131 Tre heavy-duty vans, a couple of quarter of the quantity it had initially hoped handy over to clients. The corporate lower its supply forecast twice final 12 months, and nonetheless fell wanting the 300 it predicted in November.

Lucid’s shares tumbled after it forecast manufacturing of solely as much as 14,000 autos this 12 months. Nikola’s inventory fell after the corporate mentioned it expects to ship solely as many as 375 vans. And Lordstown Motors shares plunged after the producer introduced it had paused manufacturing and buyer deliveries since January as a consequence of efficiency and high quality points.

Lucid plummeted as a lot as 19 %, Lordstown slumped as a lot as 15 % and Nikola declined as a lot as 9 % Thursday in New York buying and selling.