Lucid slashes production by 38% in Q3

Lucid Motors delivered 3,806 vehicles in Q3 2026, a 7% drop from the prior year, while production fell 38% to 2,954 units. New CEO Silvio Napoli aims to sell down inventory to improve cash flow by $1.4 billion in 2026, targeting $600 million to $800 million from vehicle sales.