On the Dash:
- Slower 2026 production may limit the availability of high-demand models, especially the Gravity SUV, affecting dealer inventory planning.
- Supply chain improvements could stabilize deliveries, but cautious production may mean dealers need to manage customer expectations carefully.
- Potential sales catalysts, such as Tesla’s Model S and X discontinuation, may influence pricing and promotional strategies for dealers.
Lucid Motors is planning to produce around 25,000 to 27,000 electric vehicles in 2026, slowing its growth after production struggles and weakening U.S. demand for battery-powered vehicles were marked by last year’s surge.
Analysts had expected the EV maker to assemble more than 33,000 vehicles this year.
Interim CEO Marc Winterhoff expressed that the EV maker is taking a cautious approach to its production forecast following last year’s rapid expansion. The estimate does not factor in potential sales catalysts, including the discontinuation of Tesla’s Model S and Model X, which could boost Lucid’s sales this year.
Last year, the Saudi Arabia-backed company contended with supply chain challenges, including shortages of magnets, aluminum, and chips. Lucid also revised its 2025 production down by more than 500 vehicles, which had been shipped to its Saudi Arabia assembly plant but had not completed final internal validation.
The revision brings total 2025 production to roughly 17,840 EVs, slightly below the company’s adjusted target of 18,000 to 20,000 vehicles. Lucid said the restated production does not affect previously reported financial results, and the remaining vehicles will be completed in 2026.
The EV maker also reported improvements in supply chain efficiency during the final three months of 2025, which helped stabilize production compared with the third quarter. According to the EV maker’s report, it posted an adjusted fourth-quarter loss of $3.08 per share, exceeding analyst expectations, while revenue of about $523 million surpassed projections.
