Electric vehicle maker Lucid Group (LCID) is cutting its production after reporting a 6.7% year-over-year decline in its third-quarter deliveries.
Lucid Group reported a sizable drop in its year-over-year vehicle deliveries after previously cutting its production earlier this year to better align with slowing consumer demand.
The U.S. automaker said it delivered 3,806 electric vehicles and produced 2,954 vehicles from July through September of this year.
That compares with deliveries of 4,078 electric vehicles on production of 3,891 vehicles a year earlier.
Lucid’s highest quarterly production of nearly 7,900 vehicles occurred during the fourth quarter of 2025. Since then, it has lowered production to align with weak demand for electric vehicles.
During this summer, Lucid cut production at its manufacturing plant in Arizona from two shifts to one amid what it called an “operational reset.”
Lucid has also announced a turnaround plan that aims to improve its cash flow by $1.4 billion U.S. this year.
Lucid Group is scheduled to report its third-quarter financial results on Nov. 9.
LCID stock has declined 83% over the past 12 months to trade at $4.17 U.S. per share.
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