Lucid expects production growth in 2026 to be lower than last year, and the fourth-quarter loss announced on Tuesday was higher than expected, as various supply chain setbacks and tariffs disrupted production plans and increased costs. Lucid's shares fell 5% in after-hours trading. This year has been a critical year for Lucid. The company is ramping up production of the recently launched Gravity sports utility vehicle and is preparing to launch a new mid-size electric vehicle platform by the end of this year, which is expected to start at less than $50,000. This is seen as the key to attracting more customers and shaping the future path of luxury electric vehicle manufacturers. Lucid CEO Mark Winterhoff told reporters that supply challenges are still a concern, and he acknowledged that the company is conservative about this year's production forecasts, which means growth could exceed 50%. In 2025, production almost doubled to 17,840 vehicles.” “Supply chains, especially long ones like ours, are always prone to accidents,” he said. This is the lesson of 2025. Let us proceed with caution. Let's make a plan so we can do it no matter what happens.”

Lucid expects production growth in 2026 to be lower than last year, and the fourth-quarter loss announced on Tuesday was higher than expected, as various supply chain setbacks and tariffs disrupted production plans and increased costs. Lucid's shares fell 5% in after-hours trading. This year has been a critical year for Lucid. The company is ramping up production of the recently launched Gravity sports utility vehicle and is preparing to launch a new mid-size electric vehicle platform by the end of this year, which is expected to start at less than $50,000. This is seen as the key to attracting more customers and shaping the future path of luxury electric vehicle manufacturers. Lucid CEO Mark Winterhoff told reporters that supply challenges are still a concern, and he acknowledged that the company is conservative about this year's production forecasts, which means growth could exceed 50%. In 2025, production almost doubled to 17,840 vehicles.” “Supply chains, especially long ones like ours, are always prone to accidents,” he said. This is the lesson of 2025. Let us proceed with caution. Let's make a plan so we can do it no matter what happens.”