Lucid Group, Inc. reports news on its electric vehicle business, including production and delivery updates, financial results, vehicle launches, and technology strategy. The company designs and engineers software-defined premium electric vehicles, with current and announced product lines including the Lucid Air sedan, Lucid Gravity SUV, and a Midsize platform that includes Lucid Cosmos and Lucid Earth.
Recurring Lucid updates cover manufacturing scale, in-house hardware and software development, advanced driver assistance and autonomy-ready capabilities, retail and service expansion, capital raises, strategic investments, and commercial partnerships such as mobility and robotaxi programs. Company news also includes governance changes and investor presentations tied to product roadmaps, cost reduction, and software-enabled revenue streams.
General Motors (NYSE: GM) reported third-quarter U.S. vehicle sales of 670,974, as its electric-vehicle sales fell sharply from a year earlier. Total sales declined 5.5%; EV sales fell about 62% to 25,213 from 66,501. The prior-year quarter benefited from purchases ahead of the elimination of federal incentives.
Results diverged across competitors. Rivian (NASDAQ: RIVN) delivered 19,248 vehicles, up roughly 45%, and reaffirmed 2026 delivery guidance of 65,000 to 70,000. Tesla (NASDAQ: TSLA) delivered 486,532 vehicles, down 2%, and unveiled its next-generation Roadster, with production planned for 2028. Lucid (NASDAQ: LCID) produced 2,954 vehicles, down sequentially following a shift reduction, and delivered 3,806. Albemarle (NYSE: ALB) reported second-quarter net sales of $1.7 billion, up 31.1%, and earnings of $3.52 per diluted share.
Fox Factory (NASDAQ: FOXF) appointed Douglas Grimm interim CEO effective October 16, 2026, as Mike Dennison stepped down as CEO and director. The Board launched a permanent CEO search; Grimm is not a candidate.
Preliminary third-quarter sales are expected at $336 million–$340 million, below $355 million–$380 million guidance. Adjusted EBITDA is expected at $38 million–$42 million, excluding approximately $12 million in tariff refunds, versus $46 million–$54 million guidance. FOX cited supply disruption and operating challenges among the causes. Marucci Sports was divested on September 25, 2026.
FOX lowered fiscal 2026 sales guidance to $1.35 billion–$1.38 billion from $1.42 billion–$1.47 billion. Adjusted EBITDA guidance fell to $140 million–$150 million from $176 million–$196 million, excluding approximately $14 million in tariff refunds. Fourth-quarter guidance is $287 million–$313 million in sales and $23 million–$29 million in adjusted EBITDA, excluding Marucci.
Lucid Group (NASDAQ: LCID) delivered 3,806 vehicles in the third quarter of 2026 as it continued its planned inventory reduction.
For the quarter ended September 30, 2026, production totaled 2,954 vehicles. Deliveries exceeded production as existing inventory moved to customers. Production declined sequentially following the elimination of a second shift at AMP-1 in June. Lucid said it continued aligning production with near-term demand and that demand for the Lucid Gravity continued to regain momentum.
The operating reset targets $1.4 billion of cash flow improvements in 2026. Lucid will discuss third-quarter financial results and progress on its priorities on November 9, 2026, at 2:30 pm PT / 5:30 pm ET. An earnings release will precede the call.
Lucid Group (LCID) introduced Air UX 3.0 for eligible Lucid Air vehicles through Software Version 2.11.0.
Over-the-air delivery begins September 29, 2026, for eligible model year 2025 and newer vehicles. Model year 2022, 2023 and some 2024 vehicles can receive Air UX 3.0 with an infotainment processor upgrade. The upgrade costs $950 in the United States, including installation and excluding applicable taxes. The software update changes vehicle controls, navigation, profiles and smartphone integration. Feature availability and functionality vary by vehicle configuration, model year, market and connected services.
Lucid Group (LCID) introduced Air UX 3.0, a software update for eligible Lucid Air vehicles with redesigned controls and navigation.
Over-the-air delivery begins September 29, 2026, through Software Version 2.11.0 for model year 2025 and newer vehicles. Model year 2022, 2023 and some 2024 vehicles require an infotainment processor upgrade, priced at $950 in the United States. The update adds charging-route preferences and expands Apple CarPlay and Android Auto across the right side of the Cockpit Display. Feature availability varies by vehicle configuration, model year, market and connected services. A correction identifies the redesigned Home experience as appearing on the Right Cockpit Panel, not the Left.
Lucid (LCID) and European shared mobility platform Bolt announced a strategic partnership to develop and deploy SAE Level 4 autonomous mobility services across Europe.
Leveraging Lucid’s software-defined vehicle platform and Bolt’s operating data and infrastructure, the companies plan to co-design an autonomous driving system (ADS)-ready midsize vehicle platform expected to use NVIDIA Hyperion. Bolt aims to deploy at least 25,000 fully autonomous Lucid vehicles in multiple European cities as a step toward its ambition of 100,000 autonomous vehicles on its platform by 2035. The program will be led by Bolt Autonomous Driving Solutions and Lucid Technologies, which will collaborate with technology partners and European regulators to support safe, scalable deployment.
Lucid (NASDAQ: LCID) announced three senior leadership appointments aimed at improving commercial execution, financial discipline, and customer engagement. Shawn Mirabal becomes President of North America Commercial, Mike Molino Vice President of Finance, and Angela Zepeda Vice President, Global Marketing, bringing decades of automotive and brand leadership experience.
According to Lucid, Mirabal and Zepeda will report to Chief Customer Officer Billy Hayes, while Molino will report to CFO Alexander De Bock. The company characterizes these hires as part of its next phase, emphasizing cash and cost, customer and quality, and culture and team.
Lucid (NASDAQ: LCID) announced a retail partnership with Munsterhuis Autobedrijven, making Munsterhuis its first retail partner in the Netherlands. The alliance pairs Lucid’s electric Lucid Air sedan and Lucid Gravity SUV with Munsterhuis’ established automotive retail, leasing, and service capabilities.
Munsterhuis will operate a dedicated Lucid sales location in Hengelo, with authorized aftersales and service at the same site, complementing Lucid’s existing Studio and Service Center in Hilversum. According to Lucid, this continues its hybrid retail strategy in Europe and follows a previous partnership with German retailer Wackenhut.
Lucid (NASDAQ: LCID) unveiled the Lucid Gravity GT-S, a new performance-focused version of its three-row electric SUV, inspired by Lucid Air Sapphire. The GT-S delivers 1,070 horsepower, 0–60 mph in 3.1 seconds, and includes Lucid's Dynamic Handling Package with independent rear-wheel steering and adaptive three-chamber air suspension. The model seats up to seven adults and adds distinctive GT-S styling with blue exterior accents and Mojave PurLuxe Premium interior details. U.S.-only pricing starts at $125,900, with a $1,300 Tahoe leather option and $1,850 destination and delivery fee, and customer orders opening immediately.
Lucid (Nasdaq: LCID) filed a resale prospectus supplement with the SEC to register for resale up to 55,000 shares of Series C Convertible Preferred Stock, 51,651,489 Class A shares issuable upon its conversion as of June 30, 2026, and 24,038,462 Class A shares. No new shares will be issued or sold by Lucid, which is registering these securities to satisfy contractual obligations to Ayar Third Investment Company and SMB Holding Corporation. Both holders face transfer restrictions on their respective shares until 2027.