Lucid Motors had its first-quarter 2026 earnings call on May 5, and the biggest takeaway by far is the fact that the EV maker does not have a production guidance for this year anymore.While Lucid said in February 2026 that it expected to build between 25,000 and 27,000 vehicles this year—a significant bump over the roughly 18,000 vehicles sold in 2025—the company has now suspended the prior annual guidance “pending a comprehensive strategic review by incoming CEO Silvio Napoli.”As a reminder, Lucid Group announced on April 14 that Silvio Napoli, a former CEO of elevator manufacturer Schindler Group, will be its …
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Author: Dan Mihalascu
