Lucid blames dip in Q1 sales on seat supplier issue

Lucid Group finished 2025 connected an upswing — gathering doubly arsenic galore EVs arsenic the erstwhile twelvemonth and reporting a 55% uptick successful sales. Then the archetypal 4th of 2026 arrived.

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

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

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

Lucid spokesperson Nick Twork confirmed to TechCrunch that the alteration successful income was tied to problems with the supplier. He said that owed to an unapproved alteration made by a supplier, the institution issued a halt connected Gravity income that lasted astir of February to guarantee due conveyance prime 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 precise astir achieved year-over-year maturation connected their own.” 

Lucid said successful its securities filing Friday that the contented has been addressed, and the 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 the institution prepares to commencement gathering its archetypal conveyance connected a caller lower-cost level aimed astatine the wide market. Lucid has said that archetypal conveyance volition outgo astir $50,000, a terms constituent that volition enactment it successful nonstop contention with the upcoming Rivian R2 SUV, arsenic good arsenic existing products similar the Tesla Model Y, Tesla Model 3, and Chevrolet Equinox EV.