•1 min read•from TechCrunch
Lucid blames dip in Q1 sales on seat supplier issue
Our take
Lucid Motors has attributed its decline in Q1 sales to issues with its seat supplier, which impacted production capacity. The company has since addressed the problem and is optimistic about moving forward. Despite this setback, Lucid remains confident in its operational outlook and is not altering its sales guidance for 2026. This commitment to maintaining its projections underscores Lucid's resilience and focus on overcoming obstacles in its pursuit of delivering innovative electric vehicles to the market.
Lucid said it has resolved the problem and is not changing its guidance for 2026.
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