Lucid Motors delivered 3,093 vehicles in the first quarter of 2026 — missing both Cantor Fitzgerald’s estimate and Wall Street consensus — after a safety issue with second-row seats with the supplier Camaco forced to halt deliveries of its Gravity SUV for nearly a month.
Cantor analyst Andres Sheppard said in a research note on Monday that the figure came in below the firm’s estimate of 3,941 and well under the Visible Alpha consensus of 5,237.
“On 4/2, LCID pre-announced that it delivered 3,093 vehicles in 1Q26, below our estimate/Visible Alpha consensus of 3,941/5,237, (and slightly below 3,109 in 1Q25),” Sheppard wrote.
The result was also slightly below (-0.5%) the 3,109 vehicles Lucid delivered in the first quarter of 2025.
“During the quarter, deliveries of the Lucid Gravity were disrupted for 29 days due to a supplier quality issue with the second-row seats,” Lucid said last Friday. “As a result, the company’s ability to meet customer demand was impacted.”
The Saudi-backed premium brand said the issues have been addressed and reaffirmed its full-year production guidance of 25,000 to 27,000 vehicles.
In 2028, the number is planned to nearly quadruple to 100,000 units — the management said in the recent Investor Day held in New York on March 12.
Production Beat
Production painted a more encouraging picture.
Lucid produced 5,500 vehicles in the quarter — above Cantor’s estimate of 4,689 but below the Visible Alpha consensus of 5,967.
The figure represents a sharp increase from the 2,212 vehicles produced in the first quarter of 2025.
The gap between production and deliveries — 5,500 built versus 3,093 delivered — reflects the impact of the Gravity halt, which left finished vehicles sitting at the company’s facilities unable to be released to customers.
In 2025, Lucid produced 17,840 vehicles and delivered 15,841.
The Gravity Recall
The delivery disruption stemmed from a seat belt defect that triggered a recall of all 4,476 Gravity SUVs produced through February 14.
The recall, filed with the National Highway Traffic Safety Administration on March 26, disclosed that improperly welded second-row lap belt anchors — manufactured by supplier Camaco Automotive — could fail in a collision.
Lucid issued a stop sale on January 28 after discovering the defect during an unrelated compliance test six days earlier.
The halt compounded a separate issue involving a defective middle seat component that EV first reported on February 12, effectively freezing the Gravity programme for much of late January and February.
The NHTSA filing also revealed the most precise production figure ever made public for the Gravity — a number Lucid has never voluntarily disclosed. The company does not break out production or delivery figures by model.
At the company’s Investor Day on March 12, interim CEO Marc Winterhoff praised the Gravity’s market performance, saying it was “off to a good start” — while the recall process was already underway but had not yet been publicly disclosed.
UK Delayed to 2027
Separately, Lucid‘s European president Lawrence Hamilton told Autocar that the company will not enter the United Kingdom until 2027, when it plans to launch with the Cosmos — its upcoming mid-size SUV — rather than the Air or Gravity.
Hamilton said neither the Air sedan nor the Gravity SUV is likely to be converted to right-hand drive.
While the mid-size platform was designed to accommodate the conversion, the additional engineering work is not justified at current volumes, he said.
In mid-March, Lucid said it plans to add 25 new locations in Europe this year — roughly tripling its current footprint — alongside 10 in the Middle East and seven in North America.
What Comes Next
Lucid is targeting capital expenditure of $1.2 billion to $1.4 billion this year, in line with the Visible Alpha consensus of $1.3 billion.
The company will report first-quarter earnings on May 5 after the market close, with an earnings call scheduled for 5:30 PM Eastern Time.
