{"id":3492061,"date":"2026-10-05T21:54:01","date_gmt":"2026-10-05T21:54:01","guid":{"rendered":"https:\/\/techingeek.com\/index.php\/2026\/10\/05\/lucid-motors-ev-output-falls-to-lowest-level-in-almost-two-years\/"},"modified":"2026-10-05T21:54:01","modified_gmt":"2026-10-05T21:54:01","slug":"lucid-motors-ev-output-falls-to-lowest-level-in-almost-two-years","status":"publish","type":"post","link":"https:\/\/techingeek.com\/index.php\/2026\/10\/05\/lucid-motors-ev-output-falls-to-lowest-level-in-almost-two-years\/","title":{"rendered":"Lucid Motors\u2019 EV output falls to lowest level in almost two years"},"content":{"rendered":"<div><img decoding=\"async\" src=\"https:\/\/techingeek.com\/wp-content\/uploads\/2026\/10\/lucid-motors-ev-output-falls-to-lowest-level-in-almost-two-years.jpg\" class=\"ff-og-image-inserted\"><\/div>\n<div>\n<p id=\"speakable-summary\" class=\"wp-block-paragraph\">Lucid Motors built 2,954 electric vehicles (EVs) in the third quarter of this year, a 54% drop from a year ago, as the company purposely limits production to better meet demand for its EVs.<\/p>\n<p class=\"wp-block-paragraph\">This was the third straight quarter in which the number of EVs Lucid built has declined. It\u2019s also the lowest quarterly output since the first quarter of 2025, which was just after Lucid Motors started production of its second EV, the Gravity SUV.<\/p>\n<p class=\"wp-block-paragraph\">Lucid delivered 3,806 EVs in the third quarter, roughly flat with the second quarter and down about 200 vehicles from the third quarter of 2025. The company has struggled to find buyers for either of its first two luxury EVs. In five of the last six quarters, it built more vehicles than it delivered.<\/p>\n<p class=\"wp-block-paragraph\">Lucid\u2019s new CEO, Silvio Napoli, has spent the last few months leading an effort to \u201csimplify the company.\u201d That effort has included laying off around 1,500 employees, streamlining the company\u2019s leadership, and eliminating a second shift at its factory in Arizona in a bid to reach cost savings of $1.4 billion. Lucid also delayed the release of its third EV, the Cosmos. That model is supposed to be much cheaper, starting at under $50,000.<\/p>\n<p class=\"wp-block-paragraph\">The third quarter figures, released Monday afternoon, come just a few days after rival EV upstart Rivian posted its best quarter in history on the back of the R2, its new, more affordable SUV. Although Rivian didn\u2019t break out specific delivery figures for the R2, the company shipped nearly 20,000 vehicles in the third quarter, the first full quarter with the R2 in production, up from 12,194 in the second quarter.<\/p>\n<p class=\"wp-block-paragraph\">Lucid\u2019s failure to find a large market of buyers for its EVs is even more stark when compared with the promises the company made when it went public in 2021. That year, Lucid Motors merged with a special purpose acquisition company and estimated it would ship as many as 90,000 EVs in 2024 alone. The company raised $4 billion in the transaction.<\/p>\n<p class=\"wp-block-paragraph\">On Lucid\u2019s second-quarter earnings call in August, Napoli spoke about why he thinks the company has failed to make a dent in the EV market.<\/p>\n<p class=\"wp-block-paragraph\">\u201cWhile there is no question that Lucid brought leading innovations and outstanding products to the market, we have disappointed on several fronts, and for far too long,\u201d he said. \u201cWe have not executed consistently. We missed commitments, launched products before they were ready, underinvested in service, responded too slowly to quality issues, and allowed complexity to slow decisions down.\u201d<\/p>\n<p class=\"wp-block-paragraph\">The Cosmos\u2019 lower price could, in theory, let Lucid access a wider market, but Napoli cautioned shareholders that rushing the new EV out could create more trouble.<\/p>\n<p class=\"wp-block-paragraph\">\u201cWe will not repeat the mistakes of the past by bringing a product to market before it is ready,\u201d Napoli said on the call.<\/p>\n<\/div>\n<p><em>When you purchase through links in our articles, we may earn a small commission. This doesn\u2019t affect our editorial independence.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<div><img decoding=\"async\" src=\"https:\/\/techingeek.com\/wp-content\/uploads\/2026\/10\/lucid-motors-ev-output-falls-to-lowest-level-in-almost-two-years.jpg\" class=\"ff-og-image-inserted\"><\/div>\n<div>\n<p id=\"speakable-summary\" class=\"wp-block-paragraph\">Lucid Motors built 2,954 electric vehicles (EVs) in the third quarter of this year, a 54% drop from a year ago, as the company purposely limits production to better meet demand for its EVs.<\/p>\n<p class=\"wp-block-paragraph\">This was the third straight quarter in which the number of EVs Lucid built has declined. It\u2019s also the lowest quarterly output since the first quarter of 2025, which was just after Lucid Motors started production of its second EV, the Gravity SUV.<\/p>\n<p class=\"wp-block-paragraph\">Lucid delivered 3,806 EVs in the third quarter, roughly flat with the second quarter and down about 200 vehicles from the third quarter of 2025. The company has struggled to find buyers for either of its first two luxury EVs. In five of the last six quarters, it built more vehicles than it delivered.<\/p>\n<p class=\"wp-block-paragraph\">Lucid\u2019s new CEO, Silvio Napoli, has spent the last few months leading an effort to \u201csimplify the company.\u201d That effort has included laying off around 1,500 employees, streamlining the company\u2019s leadership, and eliminating a second shift at its factory in Arizona in a bid to reach cost savings of $1.4 billion. Lucid also delayed the release of its third EV, the Cosmos. That model is supposed to be much cheaper, starting at under $50,000.<\/p>\n<p class=\"wp-block-paragraph\">The third quarter figures, released Monday afternoon, come just a few days after rival EV upstart Rivian posted its best quarter in history on the back of the R2, its new, more affordable SUV. Although Rivian didn\u2019t break out specific delivery figures for the R2, the company shipped nearly 20,000 vehicles in the third quarter, the first full quarter with the R2 in production, up from 12,194 in the second quarter.<\/p>\n<p class=\"wp-block-paragraph\">Lucid\u2019s failure to find a large market of buyers for its EVs is even more stark when compared with the promises the company made when it went public in 2021. That year, Lucid Motors merged with a special purpose acquisition company and estimated it would ship as many as 90,000 EVs in 2024 alone. The company raised $4 billion in the transaction.<\/p>\n<p class=\"wp-block-paragraph\">On Lucid\u2019s second-quarter earnings call in August, Napoli spoke about why he thinks the company has failed to make a dent in the EV market.<\/p>\n<p class=\"wp-block-paragraph\">\u201cWhile there is no question that Lucid brought leading innovations and outstanding products to the market, we have disappointed on several fronts, and for far too long,\u201d he said. \u201cWe have not executed consistently. We missed commitments, launched products before they were ready, underinvested in service, responded too slowly to quality issues, and allowed complexity to slow decisions down.\u201d<\/p>\n<p class=\"wp-block-paragraph\">The Cosmos\u2019 lower price could, in theory, let Lucid access a wider market, but Napoli cautioned shareholders that rushing the new EV out could create more trouble.<\/p>\n<p class=\"wp-block-paragraph\">\u201cWe will not repeat the mistakes of the past by bringing a product to market before it is ready,\u201d Napoli said on the call.<\/p>\n<\/div>\n<p><em>When you purchase through links in our articles, we may earn a small commission. This doesn\u2019t affect our editorial independence.<\/em><\/p>\n","protected":false},"author":2,"featured_media":3492062,"comment_status":"open","ping_status":"closed","sticky":false,"template":"Default","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3492061","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/techingeek.com\/index.php\/wp-json\/wp\/v2\/posts\/3492061"}],"collection":[{"href":"https:\/\/techingeek.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/techingeek.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/techingeek.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/techingeek.com\/index.php\/wp-json\/wp\/v2\/comments?post=3492061"}],"version-history":[{"count":0,"href":"https:\/\/techingeek.com\/index.php\/wp-json\/wp\/v2\/posts\/3492061\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/techingeek.com\/index.php\/wp-json\/wp\/v2\/media\/3492062"}],"wp:attachment":[{"href":"https:\/\/techingeek.com\/index.php\/wp-json\/wp\/v2\/media?parent=3492061"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/techingeek.com\/index.php\/wp-json\/wp\/v2\/categories?post=3492061"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/techingeek.com\/index.php\/wp-json\/wp\/v2\/tags?post=3492061"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}