Transportation
Lucid EV Production Falls 54% as Inventory Reset Continues
Lucid Motors produced 2,954 EVs in the third quarter, down 54% from the previous year, as the company cuts output and works through existing inventory.
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Lucid Motors produced 2,954 EVs in the third quarter, down 54% from the previous year, as the company cuts output and works through existing inventory.
Rivian delivered a record 19,248 vehicles in the third quarter as its new R2 SUV helped lift sales and support the company’s 2026 growth plans.
Lucid Motors says it remains uncertain about how many electric vehicles it will produce this year amid market challenges and shifting demand.
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