Lucid Q3 deliveries fall 7% as production is cut 38%

Lucid delivered 3,806 vehicles in Q3, down 7% year over year and 4% from Q2. Production dropped to 2,954 units, a 38% sequential cut, as new CEO Silvio Napoli sells down inventory under an "operating reset" targeting $1.4 billion in cash flow improvements in 2026.

• Q3 deliveries: 3,806 vehicles, down 7% YoY and 4% QoQ
• Production: 2,954 units, the lowest since early 2025
• First 2026 quarter with deliveries above production, by 852 vehicles
• Reset targets $1.4B cash flow gain, incl. $600–800M from inventory