# Lucid Group says it needs to lower its "elevated inventory" of vehicles.

*semiconductor · news · 2026-05-05 · CNBC*

## Key points

- Lucid has produced about 3,200 more vehicles than sold since 2024, raising inventory concerns.
- Lucid declined to reconfirm its prior annual production guidance of 25,000 to 27,000 units.
- A seat supplier issue notably delayed deliveries of the Lucid Gravity SUV in the first quarter.
- Lucid reported a 144% increase in North America order intake from February to March 2026.
- First-quarter revenue was $282.5 million, far below the $440.4 million expected by analysts.

**Companies:** Lucid Group
**Countries:** United States

[Read the full story on CNBC](https://www.cnbc.com/2026/05/05/lucid-lcid-q1-2026.html)

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