Concerns about supply chain obstacles remain unaddressed. Lucid expects production growth to slow down in 2026, causing the company's stock price to decline.

Lucid expects production growth in 2026 to be lower than last year, with the fourth quarter loss released on Tuesday exceeding expectations, due to various supply chain setbacks and tariff disruptions disrupting production plans and exacerbating costs. Lucid's stock price fell 5% in after-hours trading. This year is crucial for Lucid. The company is ramping up production of the recently launched Gravity sport utility vehicle and preparing to launch a new midsize electric vehicle platform by the end of the year, with an expected starting price below $50,000. This is seen as key to attracting more customers and shaping the future path of luxury electric vehicle manufacturers. Lucid CEO Mark Wintershoff told reporters that supply challenges remain a concern, acknowledging that the company is conservative in its production forecasts for this year, which means growth could exceed 50%. In 2025, production nearly doubled to 17,840 units. "Supply chains, especially long supply chains like ours, are always prone to unexpected events," he said. "That was the lesson of 2025. Let's proceed cautiously. Let's make a plan so that no matter what happens, we can handle it."