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Stock impact report

Lucid misses first-quarter vehicle delivery estimates on supplier disruptions Share [CNBC]

Lucid Group, Inc. (LCID) 
Company Research Source: CNBC
Lucid Group missed expectations for ?first-quarter vehicle deliveries on Friday, hurt by a temporary sales halt and recall ?tied to an unauthorized ?supplier change. Deliveries of its electric luxury SUV, Lucid Gravity, were disrupted for 29 days during the quarter due to a supplier quality issue with ?second-row ?seats, limiting the company's ability to meet ?customer demand. The company said it produced 5,500 vehicles and delivered 3,093 in the quarter ended March 31. Analysts at Visible Alpha had expected Lucid to ?produce 5,967 vehicles and deliver 5,237 vehicles. Deliveries were particularly hit in February, said Chief Executive Marc Winterhoff, when Lucid ?paused to reverse the change and inspect vehicles already produced. Lucid recalled 4,476 Gravity SUVs earlier this week over seatbelt anchor welds that did not meet safety standards, built between December 2024 and February 2026. The shortfall also highlights the persistent gap between the company's production and i Show less Read more
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