Lucid Group Inc anticipates that its production growth rate in 2026 will be lower than last year's level. The company reported a larger-than-expected fourth-quarter loss on Tuesday, citing various supply chain setbacks and tariff-related disruptions that have hampered production plans and increased costs. Shares of Lucid fell 5% in after-hours trading.

This year is critical for Lucid as the company ramps up production of its recently launched Gravity SUV and prepares to introduce a new mid-size electric vehicle platform by the end of the year, with an expected starting price below $50,000. This move is seen as essential for attracting a broader customer base and shaping the future direction of the luxury electric vehicle manufacturer.

CEO Marc Winterhoff told reporters that supply challenges remain a concern. He acknowledged that the company's production forecast for this year—between 25,000 and 27,000 vehicles—is conservative, implying potential growth of more than 50%. In contrast, production nearly doubled in 2025, reaching 17,840 units.

"Supply chains, especially long ones like ours, are always susceptible to surprises," Winterhoff said. "That was the lesson from 2025. Let's be cautious. Let's have a plan that we can deliver on no matter what happens."