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Lucid Motors Reaffirms 20,000-Unit Production Target for 2025 Despite Challenges

The EV maker reported record Q1 deliveries, addressed Gravity SUV delays, and highlighted $5.76 billion in liquidity to sustain operations through 2026.

A Lucid Motors facility is pictured in Costa Mesa, California, U.S.,November 1, 2023. REUTERS/Mike Blake/File Photo
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Overview

  • Lucid Motors delivered 3,109 vehicles in Q1 2025, marking its fifth consecutive quarterly delivery record.
  • The company reaffirmed its 2025 production goal of nearly 20,000 vehicles despite tariff pressures and demand variability in key markets.
  • Lucid addressed supply chain bottlenecks affecting its Gravity SUV, with interim CEO Marc Winterhoff stating resolutions are expected in Q2.
  • The company announced four new executive appointments, bolstering leadership after a wave of high-level departures in recent months.
  • Lucid ended Q1 with $5.76 billion in liquidity, sufficient to fund operations into the latter half of 2026, while advancing plans for a mid-size platform launch in 2026-27.