Lucid Motors has reached a major production milestone — building its 50,000th vehicle at its manufacturing facility in Casa Grande, Arizona.
Senior VP Adrian Price shared the milestone on LinkedIn this Friday, noting that it was achieved during a visit from incoming CEO Silvio Napoli and the interim CEO Marc Winterhoff, who will return to his role as Chief Operating Officer.
Besides the AMP-1 in Casa Grande, the two executives also visited the facilities in Coolidge — where mid-size prototypes are under development — and the Phoenix Hub, where engineering teams are working on next-generation platform.
“An incredible week for the Lucid Motors team as we hit the ground running with our new leadership,” Price wrote. “Seeing Silvio and Marc on the line with the team who made this possible was a proud moment for everyone.”
The Swiss-Italian executive was announced as Lucid‘s permanent CEO on Tuesday, ending a 14-month search that began when founder-era CEO Peter Rawlinson departed the role in February 2025.
Production
Lucid currently manufactures vehicles in Arizona where it also produces semi-knockdown (SKD) kits. These kits are then shipped to Saudi Arabia for final assembly.
It is now preparing to begin full vehicle production at its AMP-2 facility in King Abdullah Economic City (KAEC) by the year’s end.
The company produced 7,180 vehicles in 2022, its first full year of production, followed by 8,428 in 2023 and 9,029 in 2024.
Output more than doubled in 2025 — though Lucid revised its full-year total to 17,840 units in February after discovering that 538 vehicles had not completed internal validation procedures.
The adjustment brought the figure just below the 18,000-unit threshold of the revised guidance it had set in November 2025, after lowering its original target of 20,000 twice during the year.
In the first quarter of 2026, Lucid produced 5,500 vehicles.
The EV maker manufactured 42,477 vehicles in its three years of production.
Considering the first three months of 2026, the number jumps to 47,977 units.
The figures imply that, in the first seventeen days of April, the company has produced 2,023 vehicles.
In the first seventeen days of the quarter, Lucid has already produced more than half of the 3,863 vehicles it built during the 91 days of the second quarter of 2025.
The increase has been driven by the production ramp-up of the Gravity SUV in 2025.
If Lucid maintains the production rate over the next two and a half months, the company could reach a quarterly total comparable to its record quarter achieved in the final months of 2025.
Annual Guidance
For 2026, Lucid has guided for production of 25,000 to 27,000 vehicles — a 40% to 51% increase over its revised 2025 base.
CFO Taoufiq Boussaid described the target as “conservative” at a Bank of America conference in March.
The company expects the Gravity to account for the majority of its output this year, while production of the Cosmos — its first mid-size model — is set to begin at its Saudi Arabian plant by year-end.
Earlier this month, Lucid opened the configurator for its 2027 model-year Gravity lineup.
The new iteration added standard equipment across both trims, introducing a new Prestige Package on the Grand Touring.
Lucid also discontinued the range-topping Dream Edition, with the 2027 model year bringing more features as standard.
The Touring carries over at $79,900 before destination, unchanged from the 2026 model year, while the Grand Touring rises to $98,900, a $4,000 increase.
Destination on both trims climbs to $1,850, up $200.
The 2027 Gravity does not currently qualify for the $7,500 Lucid Credit or the $2,000 Conquest Offer available on outgoing 2026 stock.
The model is offered at 4.99% APR — against 0% for up to 60 months on the prior model year.
Recalls
Despite the 5,500 vehicles produced, Lucid delivered only 3,093 — well below Wall Street consensus of 5,237 — after a 29-day stop-sale on the Gravity SUV disrupted handovers.
The delivery halt was triggered by a recall affecting all 4,476 Gravity vehicles produced before February 14, after the company discovered that supplier Camaco had improperly welded second-row seat belt anchor brackets without authorization.
Weeks later, Lucid issued a second physical recall covering 3,627 Air Pure Rear-Wheel Drive sedans over half-shaft bolt failures — an expansion of an October 2025 action that originally affected 225 units.
The company determined that its detection algorithm had not captured all at-risk vehicles after 26 additional disengagements were reported between October 2025 and February 2026.
Uber Deal and Financing
Alongside the CEO announcement, Lucid disclosed on Tuesday that Uber has expanded its purchase commitment to at least 35,000 vehicles for its global robotaxi service.
It marked a 15,000-unit increase from the 20,000 Gravity SUVs agreed under the original July 2025 deal.
The ride-hailing company is also investing an additional $200 million in Lucid, raising its total investment to $500 million.
The expanded fleet will include both the Gravity SUV and the upcoming mid-size platform, positioned as the cost-efficient workhorse for fleet deployment at scale.
The company announced a fresh $550 million investment from Ayar Third Investment Company — an affiliate of the PIF — and priced a $300 million registered public offering of common stock, with BofA Securities acting as sole underwriter.
The capital raise comes less than four months after Winterhoff told Bloomberg that the company was “funded until well into 2027” and would return to capital markets “when it’s opportune.”
Stock Performance
Lucid‘s stock has been under considerable pressure with shares reaching a new low of $8.32 on Monday.
The stock jumped in Tuesday’s pre-market trading to as high as $10.56 — a 14.5% surge from Monday’s close — before erasing most of the gains after Lucid published the $300 million stock offering.
Lucid’s share price continued to decline over the past two trading sessions, hitting a new low of $7.39 during Thursday’s session.
As of press time, the stock was trading flat at $7.69 on Friday.
lucid spLucid’s stock lost approximately 98.7% of its value since reaching a high of $580.50 in February 2021.
