"Lucid reported a 42% drop in vehicle sales in Q1 2026, selling 3,093 vehicles despite producing 5,500. The decline is attributed to supplier quality issues affecting the second-row seats of the Gravity SUV."
"Lucid's spokesperson confirmed that the decrease in sales was tied to problems with the supplier, noting that an unapproved change led to a stop on Gravity sales for most of February."
"Lucid has reaffirmed its production guidance of between 25,000 and 27,000 vehicles this year, which would represent an increase of as much as 47% from last year."
"The company is preparing to start building its first vehicle on a new lower-cost platform aimed at the mass market, indicating a strategic shift in production focus."
Lucid Group reported a 42% drop in vehicle sales in Q1 2026, selling 3,093 vehicles despite producing 5,500. The decline is attributed to supplier quality issues affecting the second-row seats of the Gravity SUV, leading to a 29-day disruption in deliveries and a recall of over 4,000 units. Lucid maintains that demand remains strong and has reaffirmed its production guidance of 25,000 to 27,000 vehicles for the year, representing a potential 47% increase from 2025. The company is also preparing to build vehicles on a new lower-cost platform for the mass market.
Read at TechCrunch
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