Lucid Group produced 2,954 vehicles in the third quarter and delivered 3,806, drawing down its inventory. The company said it reduced production to align output with softer demand and lower existing stock. Production fell 38% from the second quarter after Lucid eliminated a second shift at its Arizona factory.
The Q3 production figure was the company’s lowest since early 2025. Deliveries fell 6.7% from the same period last year and missed Wall Street expectations.
The production reset is part of a broader cost-saving plan aimed at improving cash flow by $1.4 billion in 2026 as Lucid navigates a challenging market for high-end electric vehicles.