Lucid Cuts Q3 Production 38% as It Works Through Unsold Inventory
The EV maker delivered 3,806 vehicles in the third quarter while slashing output, as new CEO Silvio Napoli focuses on clearing a backlog of unsold cars.
AfroEuropa Newsroom
AfroEuropa desk
Electric vehicle maker Lucid sharply reduced its manufacturing output in the third quarter of 2026 as it prioritized selling cars it had already built.
According to Electrek, Lucid delivered 3,806 vehicles during the quarter, a 7% decline compared with the same period a year earlier. Production fell to 2,954 vehicles, a 38% drop from the prior quarter and the company's lowest output since early 2025. InsideEVs reported that deliveries came in below 4,000 and that production remains limited to a single shift.
Electrek reported that the pullback was deliberate. New Chief Executive Silvio Napoli is drawing down the stock of unsold vehicles that accumulated during the first half of the year. The third quarter marked the first time in 2026 that Lucid delivered more vehicles than it produced.
Keep reading
Rivian's R2 Becomes Best-Seller as Q3 Revenue Climbs 38%
Rivian reported Q3 2026 revenue of $2.155 billion, up 38% year-over-year, and raised its 2026 guidance, though its vehicle business remains unprofitable.
Other highlights
WhatsApp Rolls Out Group Status and Message-Sharing Updates
The messaging app introduced Group Status updates visible only to group members, along with tools to share old messages with new members and pin messages.
Follow the story
One newsletter, two continents
The Bridge brings you the tech, startups, and leaders moving between Africa and Europe in one sharp email each morning. No spam, unsubscribe anytime.
