Column: U.S. needs own EV industrial policy to counter China

Lucid suspended its 2026 production guidance after posting a $1 billion first-quarter net loss. The company produced 5,500 vehicles but delivered only 3,093 Air sedans and Gravity crossovers, roughly flat year over year, while also dealing with a Gravity recall. The combination of suspended outlook, large loss, and recall is likely to pressure the stock.

Analysis

Lucid suspended its 2026 production guidance after posting a $1 billion first-quarter net loss. The company produced 5,500 vehicles but delivered only 3,093 Air sedans and Gravity crossovers, roughly flat year over year, while also dealing with a Gravity recall. The combination of suspended outlook, large loss, and recall is likely to pressure the stock.