Lucid Motors is internally sticking to its original goal of building 20,000 vehicles this year, even after it trimmed its official 2025 production guidance to a range of 18,000 to 20,000 units in early August.
Interim CEO Marc Winterhoff told investors at the Morgan Stanley Conference on Friday that the Newark, California-based EV maker’s workforce is “giving everything to make that happen.”
“We recently put out a range when it comes to this year’s production numbers, 18 to 20,000, and all of our internal plan actually still shoots for 20,000,” Winterhoff said.
The interim chief, who has been replacing the former CEO and CTO Peter Rawlinson since February,
“I just said, okay, let’s put in a range, because it’s very hard to hit exactly one number. That’s one thing. And given all of it, let’s say the surprises that we had this year, I said — okay, let’s put it in the range,” Winterhoff stated at the conference.
“But I mean, it’s still in that range,” he added. “And internally, we’re shooting for 20,000 and the team is giving everything to make that happen.”
Lucid produced 6,075 vehicles in the first half of 2025. To meet the internal target, the company would need to more than double that pace and manufacture nearly 14,000 units in the second half.
That would represent a 121.5% increase from 2024’s total output of 9,029 vehicles.
The EV maker has steadily grown annual production since 2022, when it built 7,180 units in its first full year of manufacturing. Output rose to 8,428 in 2023 and 9,029 in 2024.
The production shortfall has been stark compared with earlier forecasts.
In May 2021, under then-CEO and CTO Peter Rawlinson, Lucid projected deliveries of 20,000 vehicles in 2022, 49,000 in 2023, 90,000 in 2024, and 135,000 in 2025. Actual deliveries came in at 4,369, 6,001, and 10,241 for 2022, 2023, and 2024, respectively.
Winterhoff reiterated last week that Lucid still intends to launch the base trim of its second model, the Gravity SUV, in the US later this year, even as some configurations face production bottlenecks.
When the company unveiled pricing and opened reservations in November 2024, it said output of the entry-level Gravity Touring trim at its Casa Grande, Arizona plant would begin in late 2025.
