Lucid Group produced 4,774 vehicles and delivered 3,953 units in the second quarter of 2026. Deliveries fell short of Wall Street expectations.
The company recently withdrew its 2026 production guidance. Lucid also laid off 18% of its workforce.
New CEO Silvio Napoli launched a major leadership overhaul to improve execution. The company appointed a new Chief Financial Officer, Chief Technology Officer, and Chief Customer Officer. The restructuring halves the number of direct reports to the CEO.