Lucid (LCID) will adjust EV production after ending Q1 with bloated inventory

AI Summary

Lucid Motors plans to adjust its electric vehicle production after facing challenges with excess inventory from the previous quarter. The company’s performance raises concerns about market demand and operational efficiencies in the EV sector.

Lucid produced 5,500 vehicles, up 149% from Q1 2025, but only delivered 3,093. The seat supplier issue “significantly affected Lucid Gravity ...