Lucid Motors cuts quarterly EV production by 54 percent amid weak demand

Lucid Motors produced 2,954 electric vehicles during the third quarter of 2026, marking a 54 percent decline compared to the same period last year. TechCrunch and Pluang both report that the company is intentionally curtailing production to match current demand levels. This represents the third consecutive quarterly decline in output for the manufacturer. [1][3]

The third-quarter figure represents the lowest output for Lucid Motors since the first quarter of 2025, according to TechCrunch. TechCrunch reported that the company delivered 3,806 vehicles during the quarter, which is relatively flat compared to the second quarter and down by approximately 200 vehicles from the third quarter of 2025. [1]

Lucid Group, Inc. is an American electric vehicle manufacturer headquartered in Newark, California. The company started production of the Lucid Air sedan in September 2021 at its facility in Casa Grande, Arizona, followed by the Lucid Gravity SUV in December 2024. Lucid also supplies electric vehicle powertrain technology to other vehicle manufacturers, including Aston Martin. [4]

TechCrunch reported that Lucid Motors has continued to face challenges in finding mass-market buyers for its luxury electric vehicle lineup. Official third-quarter financial results will be detailed during the upcoming earnings release, which Lucid Motors has scheduled following its operational update. [1][2]