Lucid Group (NASDAQ:LCID) declined by a double digit proportion on Thursday after a disappointing earnings print, placing strain on a lot of its friends.

Shares of the Saudi-backed EV producer slipped 12.23% on Thursday after the corporate focused 2023 manufacturing within the vary of 10K to 14K, which analysts cited as a specific disappointment. Financial institution of America pointed to the weak manufacturing outlook as an indication that provide chain points nonetheless dangle over the sector. That concern was exacerbated by the announcement of manufacturing points at competitor Lordstown Motors (RIDE) -11.38%.

The indicators of manufacturing issues at each automakers appeared to spark declines throughout the business on Thursday. Notable decliners included Rivian Automotive (RIVN) -3.65%, Canoo (GOEV) -3.66%, Mullen Automotive (MULN) -6.57%, Fisker (FSR) -3.69%, LiveWire Group (LVWR) -3.76%, and Arrival SA (ARVL) -2.36%.

Elsewhere, Basic Motors (GM) will reportedly pause manufacturing at its Indiana plant as a consequence of lagging demand fairly than provide issues. Shares of the Michigan-based auto producer fell 3.69% shortly earlier than Thursday’s shut.

Learn extra on Thursday’s largest decliners.