Lucid’s EV sales slip.
The company just released its third quarter sales in report, in which it recorded a 6.7 percent decrease in deliveries and a whopping 24 percent drop in production. Lucid said it only built 2,954 vehicles in Q3, a 38 percent drop from the previous quarter and the lowest number of vehicles for the company since early 2025. But Lucid said this is all part of the plan: > Deliveries exceeded production as the company continued to execute its planned inventory reduction, converting existing vehicle inventory into customer deliveries as part of the previously announced operating reset targeting $1.4 billion of cash flow improvements in 2026. [Link: Lucid Announces Q3 Production and Deliveries, Sets Date for Third Quarter 2026 Earnings | https://ir.lucidmotors.com/news-releases/news-release-details/lucid-announces-q3-production-and-deliveries-sets-date-third | Lucid Motors]
The company just released its third quarter sales in report, in which it recorded a 6.7 percent decrease in deliveries and a whopping 24 percent drop in production. Lucid said it only built 2,954 vehicles in Q3, a 38 percent drop from the previous quarter and the lowest number of vehicles for the company since early 2025. But Lucid said this is all part of the plan: > Deliveries exceeded production as the company continued to execute its planned inventory reduction, converting existing vehicle inventory into customer deliveries as part of the previously announced operating reset targeting $1.4 billion of cash flow improvements in 2026. [Link: Lucid Announces Q3 Production and Deliveries, Sets Date for Third Quarter 2026 Earnings | | Lucid Motors]
Topics in this story
Gathered from external sources. Rights to this text belong to whoever originally published it.