Tech · CNBC Technology
Lucid falls short of first-quarter vehicle delivery estimates on supplier disruptions
Compiled by KHAO Editorial — aggregated from 1 outlet. See llms.txt for citation guidance.
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Lucid Group missed expectations for first-quarter vehicle deliveries on Friday, hurt by a temporary sales halt and recall tied to an unauthorized supplier change.
Key facts
- The company said it produced 5,500 vehicles and delivered 3,093 in the quarter ended March 31
- Lucid recalled 4,476 Gravity SUVs earlier this week over seatbelt anchor welds that did not meet safety standards, built between December 2024 and February 2026
- Supply challenges continue to be a concern, Winterhoff has said, acknowledging that the company was being conservative in its forecast of producing 25,000 to 27,000 vehicles this year, implying
- In 2025, production nearly doubled to 17,840 vehicles
Summary
Deliveries of its electric luxury SUV, Lucid Gravity, were disrupted for 29 days during the quarter due to a supplier quality issue with second-row seats, limiting the company's ability to meet customer demand. The company said it produced 5,500 vehicles and delivered 3,093 in the quarter ended March 31. Deliveries were particularly hit in February, said Chief Executive Marc Winterhoff, when Lucid paused to reverse the change and inspect vehicles already produced. Lucid recalled 4,476 Gravity SUVs earlier this week over seatbelt anchor welds that did not meet safety standards, built between December 2024 and February 2026.