Lucid Motors said this week it built 3,891 completed vehicles in the third quarter at its Casa Grande, Arizona, plant, along with more than 1,000 partially assembled units that were shipped to its Saudi Arabia facility for final assembly.
According to a research note sent out by Cantor Fitzgerald to clients on Monday and first obtained by PriceTarget, the consensus for the July–September period was estimating 5,175 EVs produced.
That brings total production for the first nine months of 2025 to 9,966 completed vehicles, excluding those still in transit for final assembly, which will be counted in fourth-quarter figures.
Lucid had originally guided for “approximately 20,000” vehicles this year but trimmed the target in early August to between 18,000 and 20,000 when it reported second-quarter earnings.
The company reported a net loss of $855.3 million for the second quarter, widening from $790.3 million a year earlier.
Based on its year-to-date production total, Lucid would need to build 8,034 vehicles in the fourth quarter to reach the low end of that range — more than double the third-quarter pace, representing a 106.5% increase.
Despite the revision, interim Chief Executive Officer Marc Winterhoff has recently said the company’s internal goal remains the full 20,000 units.
“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 told investors at the Morgan Stanley Conference in September.
“Internally, we’re shooting for 20,000 and the team is giving everything to make that happen,” he added.
Reaching that higher target would require Lucid to produce 10,034 vehicles in the final quarter — more cars in three months than it built in the first three quarters combined.
Two recent developments could help the automaker ramp up.
Supply-chain issues related to the upcoming Gravity SUV have started to ease, and Lucid is adding a second production shift at its Arizona factory to boost output.
Winterhoff confirmed in a LinkedIn post Monday that Lucid has “made preparations, including the addition of a second manufacturing shift, to finish 2025 strong.”
The company has since listed multiple job openings, including a Production Team Lead for the 2nd Shift, responsible for overseeing vehicle assembly, and an Andon Tech, 2nd Shift role focused on minimizing downtime and resolving torque-system issues.
It remains unclear when the second shift at Casa Grande began operating and whether it’s already running at full capacity.
Several listings tied to second-shift roles — published last week — remained open as of Friday, suggesting the ramp-up is still underway.
Winterhoff also praised Lucid’s workforce for achieving record output “despite facing supply constraints, including magnet shortages, and other unexpected challenges.”
The interim CEO has been leading the company since Peter Rawlinson’s departure in February.
When announcing the leadership change, Lucid’s board said it had engaged an executive-search firm to find a permanent successor but hasn’t provided an update since.
“As part of the company’s regular succession planning process, the Board has initiated a search to identify Lucid’s next Chief Executive Officer,” the board said in February. “The new CEO will help Lucid execute its strategy and prepare for the next chapter.”
