Lucid misses first-quarter vehicle delivery estimates on supplier disruptions

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Lucid Group missed its first-quarter vehicle delivery estimates due to a temporary sales halt and recall caused by an unauthorized supplier change. The disruption was linked to a quality issue with second-row seats in its Lucid Gravity SUV, leading to a 29-day pause in deliveries. Despite the setback, Lucid maintained its full-year production forecast, acknowledging ongoing supply challenges and a persistent gap between vehicle production and deliveries.

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