Lucid Blames Dip In Q1 Sales On Seat Supplier Issue

Lucid Group vanished 2025 connected an upswing — building doubly arsenic galore EVs arsenic nan erstwhile twelvemonth and reporting a 55% uptick successful sales. Then nan first 4th of 2026 arrived.

The company, which makes nan Air sedan and Gravity SUV, reported Friday that it sold 3,093 vehicles successful nan first quarter, a 42% driblet from nan erstwhile 4th and astir 0.5% little than nan aforesaid play past year. It had built galore more, astir 5,500 successful total.

Lucid said nan income dip, and nan spread betwixt accumulation and deliveries, is not a request problem. Instead, nan institution blames a supplier value rumor pinch its second-row seats, which disrupted deliveries of nan Lucid Gravity for 29 days.

The supplier rumor besides prompted Lucid to recall much than 4,000 Gravity SUVs. Lucid told nan National Highway Traffic Safety Administration that it discovered immoderate of nan anchors for nan SUV’s second-row spot belts were not decently welded.

Lucid spokesperson Nick Twork confirmed to TechCrunch that nan alteration successful income was tied to problems pinch nan supplier. He said that owed to an unapproved alteration made by a supplier, nan institution issued a extremity connected Gravity income that lasted astir of February to guarantee due conveyance value earlier restarting them. Twork made a constituent of noting Lucid’s much caller success, saying that “following 8 grounds quarters, we showed beardown results successful some January and March which very astir achieved year-over-year maturation connected their own.” 

Lucid said successful its securities filing Friday that nan rumor has been addressed, and nan institution seems assured that disruption won’t impact its accumulation goals.

Lucid reaffirmed its antecedently denote accumulation guidance of betwixt 25,000 and 27,000 vehicles this year. Lucid built 18,378 EVs successful 2025. That would correspond an summation of arsenic overmuch arsenic 47% from past year.

Lucid’s spot supplier troubles travel arsenic nan institution prepares to commencement building its first conveyance connected a caller lower-cost level aimed astatine nan wide market. Lucid has said that first conveyance will costs astir $50,000, a value constituent that will put it successful nonstop title pinch nan upcoming Rivian R2 SUV, arsenic good arsenic existing products for illustration nan Tesla Model Y, Tesla Model 3, and Chevrolet Equinox EV.