Lucid Group finished 2025 on an upswing — building twice as many EVs as the previous year and reporting a 55% uptick in sales. Then the first quarter of 2026 arrived.

The company, which makes the Air sedan and Gravity SUV, reported Friday that it sold 3,093 vehicles in the first quarter, a 42% drop from the previous quarter and about 0.5% lower than the same period last year. It had built many more, about 5,500 in total.

Lucid said the sales dip, and the gap between production and deliveries, is not a demand problem. Instead, the company blames a supplier quality issue with its second-row seats, which disrupted deliveries of the Lucid Gravity for 29 days.

The supplier issue also prompted Lucid to recall more than 4,000 Gravity SUVs.…