The great EV pullback: all the obstacles, cancellations, and delays
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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.
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